BlackRock Plans Massive Bitcoin Investment Once SEC Approves ETFs

Bitcoin believers have long awaited the holy grail of crypto endorsements – the launch of the first U.S. bitcoin exchange-traded fund (ETF). That momentous occasion may finally occur next week, with asset management juggernaut BlackRock reportedly prepared to deploy billions in seed capital into a new spot bitcoin ETF.

Citing a “well placed source,” Block editor-in-chief Tom Copeland tweeted this week that BlackRock has amassed commitments totaling $2 billion from existing bitcoin holders ready to rotate their holdings into a SEC-approved bitcoin ETF in its first week of trading.

Bloomberg ETF analyst Eric Balchunas echoed the claim in a follow-up tweet, speculating that such an injection would “blow away all first day/week volume/aum records for an ETF.”

The SEC has until January 10th to approve or reject a spot bitcoin ETF, but insiders widely expect the regulatory agency to finally relent amidst unrelenting pressure.

As the world’s largest asset manager overseeing $10 trillion in assets, BlackRock packs unrivaled purchasing power. Earmarking $2 billion for bitcoin investment would account for over 0.1% of the cryptocurrency’s total $1.66 trillion market valuation.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

The resulting frenzy of inflows from BlackRock and other hungry institutions into the long-awaited vehicle could squeeze bitcoin’s limited supply and send its price rocketing to new highs. After years of contentious debate and false dawns, the bitcoin ETF may soon emerge as crypto’s institutions gateway – with BlackRock boldly leading the charge.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo