Crypto just experienced a groundbreaking shift!🚨
Blackrock, Fidelity(?) & Invesco with $15.9 Trillion in Assets are embracing Cryptocurrencies.
Here is EVERYTHING you need to know 🧵👇
Blackrock, Fidelity(?) & Invesco with $15.9 Trillion in Assets are embracing Cryptocurrencies.
Here is EVERYTHING you need to know 🧵👇
1⃣ Blackrock files for #BitcoinSpot ETF
Why is this massive?
• Blackrock is the biggest asset manager on planet Earth
• They have $10 trillion in assets under management.
• Blackrocks ETF approval rate with the SEC is 575 to 1
• ETF's median approval time is 221 days
Why is this massive?
• Blackrock is the biggest asset manager on planet Earth
• They have $10 trillion in assets under management.
• Blackrocks ETF approval rate with the SEC is 575 to 1
• ETF's median approval time is 221 days
The Bitcoin halving is only 299 days away.
@crypto_linn described it perfectly.
Three personal observations:
1. Follow the money
2. Do as they do, not as they say.
3. Expect everything to be manipulated
@crypto_linn described it perfectly.
Three personal observations:
1. Follow the money
2. Do as they do, not as they say.
3. Expect everything to be manipulated
What happens if a Spot Bitcoin ETF is approved?
History suggests that the price will skyrocket
The New York Stock Exchange listed the first Gold ETF in 2004. Gold had a market value of $1 Trillion & trades now at $11 trillion
The ETF allowed the entry of global funds
History suggests that the price will skyrocket
The New York Stock Exchange listed the first Gold ETF in 2004. Gold had a market value of $1 Trillion & trades now at $11 trillion
The ETF allowed the entry of global funds
Why are institutions so desperate to get your Bitcoin?
Only 2.1m Bitcoins are on exchanges.
10% of all Bitcoin = worth $60 Billion.
Blackrock alone has $10 Trillion in Assets under management.
If only 0.6% of that moves into Bitcoin, all Bitcoins are gone.
They need yours.
Only 2.1m Bitcoins are on exchanges.
10% of all Bitcoin = worth $60 Billion.
Blackrock alone has $10 Trillion in Assets under management.
If only 0.6% of that moves into Bitcoin, all Bitcoins are gone.
They need yours.
And that's just the beginning:
Do you understand that 2022 global assets under management reached $111 trillion?
That it is expected to grow to$145.4 trillion by 2025
Blackrock's ETF filing sparked a frenzy
Expect others to follow suit
Do you understand that 2022 global assets under management reached $111 trillion?
That it is expected to grow to$145.4 trillion by 2025
Blackrock's ETF filing sparked a frenzy
Expect others to follow suit
2⃣ Fidelity is rumored to file for an ETF & Bid for Grayscale
The third largest asset manager, with over $4.2 Trillion in AUM, is eying Grayscale's 630,000 BTC and is about to file for a Bitcoin ETF.
Are other Asset Managers forced to make a move due to Blackrock?
The third largest asset manager, with over $4.2 Trillion in AUM, is eying Grayscale's 630,000 BTC and is about to file for a Bitcoin ETF.
Are other Asset Managers forced to make a move due to Blackrock?
Fidelity, Charles Schwab, and Citadel backed a crypto exchange that just launched.
This exchange functions as a trading platform where customer assets aren't managed directly.
Rather, firms that are part of the exchange use EDX's services to set the prices for their trades.
This exchange functions as a trading platform where customer assets aren't managed directly.
Rather, firms that are part of the exchange use EDX's services to set the prices for their trades.
3⃣ NASDAQ is launching a crypto custody service by the end of Q2.
It is a response to growing demand from institutional investors.
Traditional finance is stepping in to fill the void.
Their move may signal a boost for mainstream crypto adoption.
It is a response to growing demand from institutional investors.
Traditional finance is stepping in to fill the void.
Their move may signal a boost for mainstream crypto adoption.
4⃣Related Catalysts
- Invesco (17th largest Asset Manager world wide) reapplies for Bitcoin Spot ETF
- Wisdom Tree ($87B AUM)filed for Bitcoin Spot ETF)
- Soros Fund Management thinks Crypto is ripe for Tradfi takeover.
- Invesco (17th largest Asset Manager world wide) reapplies for Bitcoin Spot ETF
- Wisdom Tree ($87B AUM)filed for Bitcoin Spot ETF)
- Soros Fund Management thinks Crypto is ripe for Tradfi takeover.
Where do we go from here?
It’s obvious that institutional demand is going to skyrocket as the next halving approaches.
@tedtalksmacro outlined a possible scenario.
It’s obvious that institutional demand is going to skyrocket as the next halving approaches.
@tedtalksmacro outlined a possible scenario.
At the same time, 114+ Countries are working on Central Bank Digital Currencies.
The IMF is about to launch a global CBDC platform, and the SEC is nowhere finished with Operation Chokepoint.
The IMF is about to launch a global CBDC platform, and the SEC is nowhere finished with Operation Chokepoint.
While I’m optimistic about the future of crypto, the war about control of digital assets is just ramping up
Is Tradfi taking over?
Is Tradfi taking over?
Summoning the wisdom of high quality crypto educators.
Do you think tradfi is taking over?
@rektdiomedes
@crypthoem
@crypto_linn
@ViktorDefi
@0xFinish (Hook inspiration 🙏)
@thedefiedge
@blockmates
@stacy_muur
@milesdeutscher
@IamZeroIka
@Louround_
@IamZeroIka
Do you think tradfi is taking over?
@rektdiomedes
@crypthoem
@crypto_linn
@ViktorDefi
@0xFinish (Hook inspiration 🙏)
@thedefiedge
@blockmates
@stacy_muur
@milesdeutscher
@IamZeroIka
@Louround_
@IamZeroIka
I hope you enjoyed this thread!
If you would like to see more:
1. Follow me
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2. Retweet the 1st tweet linked below and let me know your thoughts in the comments
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If you would like to see more:
1. Follow me
@thehiddenmaze
2. Retweet the 1st tweet linked below and let me know your thoughts in the comments
3. Subscribe to my Newsletter (Link in Bio)
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