Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home General News

BlackRock’s Game-Changing Leap into the Crypto Space: What You Must Know!

James by James
June 26, 2023
in General News, Altcoin News, Bitcoin News
Reading Time: 3 mins read
A A
0
blackrock
Share on FacebookShare on Twitter
ADVERTISEMENT

Table Of Content:

  • BlackRock’s Entry into Crypto A Game-Changing Move
  • Understanding the Bitcoin ETF Filing by BlackRock
  • Conclusion

BlackRock’s Entry into Crypto: A Game-Changing Move

Recently, BlackRock, the world’s largest asset manager, decided to leap into the crypto space. BlackRock manages more than $9 trillion in assets, making it the largest asset manager in the world.
BlackRock's Entry into Crypto

Understanding the Bitcoin ETF Filing by BlackRock

On June 16th, adding to a very eventful week in the crypto market, Blackrock officially filed for a Bitcoin ETF (Exchange Traded Fund). To explain in Layman’s terms, an ETF is like a basket of different investments that you can buy or sell on a stock exchange, just like you would buy or sell shares of a company.

We can think of it as a collection of different things, like stocks, bonds, or commodities, all clustered together in a single package. So basically when we buy shares of an ETF, we’re essentially buying a small piece of that entire collection. The filing of a Bitcoin ETF would allow investors to gain exposure to Bitcoin through a traditional investment vehicle, similar to buying shares of a stock.

BlackRock’s Crypto Stance: From Criticism to Interest

BlackRock’s application sent massive shockwaves across the crypto industry, which came just after Binance and Coinbase were sued by regulators. Recently, Crypto.com was also made accused of insider trading. The timing of all these massive displacements in the crypto industry along with financial giants making their move into the crypto industry really points towards something.

You May AlsoLike

Brazil’s Central Bank To Enforce Stricter Crypto Laws

Brazil’s Central Bank To Enforce Stricter Crypto Laws

September 28, 2023
Crypto Scammers And Hackers Swipe $889 Million In Q3 2023

Crypto Scammers And Hackers Swipe $889 Million In Q3 2023

September 28, 2023

Previously, SEC had rejected all applications for a spot in Bitcoin ETF but things could be different this time. BlackRock has a fairly good track record of getting ETFs approved by the SEC.

BlackRock also started to bring Nasdaq into a partnership to counter and mitigate market manipulation and consequential concerns.

The Impact of the First Gold ETF Approval on Bitcoin Price

BlackRock’s entry in the crypto market will have some major implications. Retail investors will now be able to buy Bitcoin as shares of an ETF from an ordinary brokerage account. It will also open the doors for pension funds and institutional investors to purchase BTC.

However, Bitcoin saw a steep uprise and soared above $31 K yesterday after the first gold ETF was approved.

Changing Dynamics: Financial Giants and the Crypto Industry

For years, the crypto space feared the advent of large institutions and now it seems like they are finally here. BlackRock has been known to use its money, power, and influence to gain even more money, power, and influence. In 2017, BlackRock’s CEO said, ” You have to force behaviors, which is what we are doing.” A huge part of the crypto community is slamming those who are disregarding BlackRock’s “dirty” track record because of a pump and are very skeptical about BlackRock’s power gain in the market. One user said, “BlackRock cares as much about Crypto as Mark Zuckerberg cares about our data privacy”.

Potential Expansion: Speculations on ETFs Beyond Bitcoin

In the same year, BlackRock CEO Larry Fink called Bitcoin an “index of money laundering”. The sudden interest of BlackRock and other major financial institutions in the well-being of the crypto industry indicates a complete change of air in space. Amidst the speculations of their expansions to other ETFs like Ethereum and others, BTC buyers and sellers are backing their trust in a healthy surge in BTC price.

Conclusion:

BlackRock’s entry into the crypto market with a Bitcoin ETF filing is a significant development. It opens doors for various investors to access Bitcoin through traditional channels. This move, alongside other financial institutions’ involvement, signifies a shifting landscape in the crypto industry. The potential approval of the ETF and the surge in Bitcoin’s price after the first gold ETF approval highlights the market’s growing acceptance. As large institutions embrace cryptocurrencies, the industry faces both opportunities and uncertainties, shaping its future trajectory.

Tags: BinanceBINANCE LAWSUITbitcoinbitcoin etfbitcoin priceBlackRockBlackRock's ETFcoinbasecoinbase vs sec
Share76Tweet48
ADVERTISEMENT
Previous Post

Japan Exempts Token Issuers From The 30% Cryptocurrency Tax On Paper Gains

Next Post

Binance Seeks To Set Up UAE As Its Central Operational Hub

James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

Related Posts

Brazil’s Central Bank To Enforce Stricter Crypto Laws
Bitcoin News

Brazil’s Central Bank To Enforce Stricter Crypto Laws

September 28, 2023
Crypto Scammers And Hackers Swipe $889 Million In Q3 2023
Bitcoin News

Crypto Scammers And Hackers Swipe $889 Million In Q3 2023

September 28, 2023
Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins
Altcoin News

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

September 28, 2023
Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support
Crypto Exchanges

Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support

September 28, 2023
US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns
Bitcoin News

US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns

September 27, 2023
XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023
Altcoin News

XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

September 27, 2023
Next Post
Binance Seeks To Set Up UAE As Its Central Operational Hub

Binance Seeks To Set Up UAE As Its Central Operational Hub

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

    198 shares
    Share 79 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Table Of Content:

×
  • BlackRock’s Entry into Crypto A Game-Changing Move
  • Understanding the Bitcoin ETF Filing by BlackRock
  • Conclusion
→ Index
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.