Blackrock Bitcoin-ETF could release $ 30 trillion analysts in assets and influence the cryptoma market

Blackrock Bitcoin-ETF could release $ 30 trillion analysts in assets and influence the cryptoma market
The ETF expert Eric Balchunas revealed in an interview with Cryptopumpnews that the acceptance of a Bitcoin room ETFs could be a potential change for the cryptom market. According to the acceptance of such an ETF, it could be released with the value of up to $ 30 trillion for the Bitcoin market. This amount of assets is regulated by economic experts in the United States and could be invested through a stock market -traded fund.
According to Balchunas, many Boomers and financial advisors prefer ETF format to make their investments. A Bitcoin ETF would give these investors visibility and access to Bitcoin. Blackrock's application for a Bitcoin Spot ETF in the last month has already triggered a wave of optimism on the cryptom market. Other large companies such as ARK Investment, Valkyrie and Fidelity have also submitted their own applications for a Bitcoin ETF.
Balchunas emphasizes that the participation of Blackrock, the world's largest asset manager, has increased the chances of approval of a Bitcoin ETF from 1 % to 50 %. He praises Blackrock as extremely brilliant and believes that the company has seen something that believes that it can be approved by the regulatory authorities.
In order to learn more about the effects of Bitcoin ETF submission of Blackrock, Balchunas recommends looking at the full interview on the Cryptopumpnews YouTube channel. It emphasizes the importance of this event for the cryptom market and the potential effects on the value of Bitcoin.
It remains to be seen whether the US stock exchange supervisory authority will approve the application of Blackrock and other companies. If this should be the case, this could significantly influence the cryptom market and lead to an increase in assets that are invested in Bitcoin.
source:
Cryptopumpnews - https://www.youtube.com/watch?v=ukj3jyfpxja