1/🧵 It's no news that Blackrock has applied to launch a Bitcoin ETF, and today, we learn that Fidelity is re-filing their application for the same. Two financial giants, now diving headfirst into Bitcoin
👇🏽👇🏽 #threadstorm 👇🏽👇🏽
1/🧵 It's no news that Blackrock has applied to launch a Bitcoin ETF, and today, we learn that Fidelity is re-filing their application for the same. Two financial giants, now diving headfirst into Bitcoin
👇🏽👇🏽 #threadstorm 👇🏽👇🏽
The future of finance is digital, and it's exhilarating to see these financial powerhouses lead the way.
100%. even Blackrock's Chairman came out and said he believes in tokenizing stocks
Hearing such an endorsement from the Chairman is a game-changer! Tokenization could revolutionize the stock market, making it more accessible and efficient. The convergence of traditional finance and #crypto is an exciting frontier.
Exciting news in the world of #crypto! With #BlackRock and #Fidelity setting their sights on launching a #Bitcoin ETF, it strongly indicates growing institutional adoption.
I hope it gets approved
Here's to hoping for positive outcomes that pave the way for greater institutional involvement in digital assets. 🤞🚀
2/🧵 Blackrock's ETF approval record is impressive with 575 out of 576 ETFs approved by the SEC. Considering their $8.59 trillion AUM, their influence is vast, leading many to believe their Bitcoin ETF will get the green light
3/🧵 Interestingly, despite recent SEC actions against Coinbase, Blackrock plans to use Coinbase Custody for their new ETF. An ironic twist that shows the disparity in the U.S.
I noticed that. Which also means that the SEC's lawsuit against Coinbase is pretty much doomed, if it wasn't smoke to begin with.
4/🧵 Is membership in the good ol' boys club the key to success? Blackrock's certainly part of this club, and it seems Brian Armstrong of Coinbase may be finding his way back in with the help of a powerful ally.
5/🧵 The Bitcoin ETF narrative took a new twist as Fidelity entered the fray. A longstanding friend to crypto, Fidelity alrdy features digital assets on their platform. Their $4.3 trillion AUM will definitely make waves in the crypto space
6/🧵 The duel of the ETFs between Blackrock and Fidelity will be riveting to watch. With smaller players sidelined by the SEC, the stage is set for these corporate behemoths to vie for the top spot in the crypto ETF game.
7/🧵 As investors, our eyes should always be on market fluctuations. Bitcoin's recent dip below $25k, for instance, did you take advantage? Have you been dollar-cost averaging during this bear cycle?
8/🧵 Despite the market's ebb and flow, my belief in Bitcoin remains unshaken. Some suggest we are entering the final cycle for Bitcoin, which could potentially signal the beginning of mainstream financial adoption.
9/🧵 Envision a future where Bitcoin's market cap skyrockets into trillions as major global players enter the fray. Building your portfolio now could be a turning point, setting you on a path to benefit from the impending Bitcoin wave
Read my full #hive #leofinance article:
https://leofinance.io/posts/khaleelkazi/etf-mania-the-final-cycle-for-bitcoin-is-upon-us