BlackRock files for spot BTC ETF, SEC approval expected in 2023. Massive disruption ahead with $10T asset giant's entry?
ETF could unlock floodgates of institutional investment. JPMorgan estimates up to $500B could flow into Bitcoin.
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BlackRock stamp could further validate Bitcoin as legitimate asset class like gold or equities.
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Passive investors gain easy Bitcoin access through brokerage accounts for first time.
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But critics warn of excessive Wall St control if inflows concentrate BTC supply
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Impact on volatility unclear - could increase stability or worsen panic crashes?
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Not all positive - alternatives like DeFi indexes and institutional services exist.
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Reality likely between the extremes of hopium and FUD. Healthy regulation key.
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Optimistic scenario sees new mega-rally to all-time-highs. But risks remain ever-present.
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Optimistic scenario sees new mega-rally to all-time-highs. But risks remain ever-present.
Learn more
Opening
https://cryptowini.com/blackrock-bitcoin-spot-etf-disrupt-crypto-market/