BlackRock’s ETF Could Send Bitcoin Skyrocketing: Get in Now!

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• The world’s top financial firms, such as BlackRock, Fidelity Investments, Charles Schwab and Citadel launched EDX, a new cryptocurrency exchange.
• This has caused a surge in Bitcoin (BTC) prices surpassing the $30,000 mark.
• If allowed, a BlackRock Bitcoin ETF listing on the Nasdaq stock exchange would make Bitcoin more accessible to a larger investing public.

Traditional Financial Firms See Digital Assets Here to Stay

Last week saw some of the world’s premiere financial players announce their foray into cryptocurrencies. Among them is BlackRock — the world’s largest asset manager with $9 trillion in assets under management (AUM) — filing for permission to build a “spot market” Bitcoin-based exchange-traded fund (ETF). The others included Fidelity Investments, Charles Schwab and Citadel launching EDX, a new cryptocurrency exchange and Deutsche Bank applying for a license to custody crypto.

Bitcoin Price Surge

This news caused an increase in crypto trading markets with Bitcoin surging 20% in the week and surpassing the $30,000 mark for the first time since April; Cameron Winklevoss called it “The Great Accumulation”. Michael Saylor added that “The window to front-run institutional demand for #Bitcoin is closing.”

BlackRock ETF Could Make BTC More Accessible

If allowed, a BlackRock Bitcoin ETF listing on the Nasdaq stock exchange would arguably make Bitcoin more accessible to a larger investing public. This could potentially cause increased demand which could outstrip supply making BTC price rise inevitable.

Little Shock After Year of Crypto Scandals

Despite all this news coming after scandals surrounding cryptocurrencies last year there was little shock about these developments as many believe that digital assets are here to stay.

ConclusionCollectively these developments have boosted crypto trading markets and if allowed a BlackRock ETF listing on the Nasdaq stock exchange could make BTC more accessible thus potentially increasing its demand which could outstrip supply making BTC price rise inevitable

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