BlackRock, Inc. is an American global investment management group headquartered in New York City.
BlackRock is the world's largest asset manager with $10 trillion in assets under management by 2022 (the first enterprise to hold assets worth more than $10 trillion). Founded in 1988, initially as a risk manager and fixed income asset manager.
BlackRock operates globally with 70 offices in 30 countries and customers in 100 countries.
Due to the size and scope of its assets and financial activities, BlackRock has been called the world's largest shadow bank.
Black Rock recently filed for a Spot Bitcoin ETF, but it has not been approved
However, here are reasons to believe why the Spot Bitcoin ETF will likely be approved:
1. BlackRock's ETF approval rate is nearly 100%! So far only one ETF has been rejected!
2. In 2008 the financial crisis occurred. The FED (US Federal Reserve) and the US government asked BlackRock to draw up a plan to resolve the crisis. The US government's trust in BlackRock is very high!
3. BlackRock CEO in 2023 changed his stance calling Bitcoin DIGITAL GOLD and a good alternative to diversify investments. Previously in 2017, this same Black Rock CEO said: "Bitcoin is only used for money laundering purposes."
4. BlackRock has launched a Private Bitcoin ETF for institutional investors.
5. Spot Bitcoin ETF has been licensed in Europe and Canada
6. Finally, all other major asset managers including Vanguard and Fidelity also signed up for the Spot Bitcoin ETF after Black Rock filed for the Spot Bitcoin ETF
Once the big players have entered the market, sooner or later the regulatory agency must provide a legal framework for management, so licensing is just a matter of sooner or later.
Let's actively update our knowledge to make money in the next uptrend season, which is predicted to be much different from previous seasons due to the participation of many big players in the world's financial industry.
