Q: Considering legal action against BlackRock for KYC compliance negligence regarding Bitcoin ETF.
I am an investor in BlackRock and have been concerned about potential KYC compliance negligence and fraud since January 2025. I believe BlackRock violated KYC compliance regulations by selling a Bitcoin ETF, as Bitcoin lacks essential compliance elements such as a website, staff, address, email, and contacts. Specifically, BlackRock has been selling the iShares Bitcoin Trust ETF on platforms like their official website and Yahoo Finance, which I consider fraudulent due to alleged KYC violations. I fear that a collapse of Bitcoin could trigger a financial crisis similar to 2008. Additionally, I am concerned about the U.S. government's role in potentially violating financial institution KYC regulations by approving Bitcoin strategic reserves. Given these concerns, I am contemplating legal action against BlackRock for $100 billion. Could you advise on the legal steps I should consider and the potential outcomes?
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