BlackRock's $2 billion BTCETF Launch: A Gamechanger for Investors
Blackrock has reportedly lined up $2 billion in capital for the BTCETF launch. What can we expect in crypto if this happens?
“I can't vouch for this, but what all ETF filing companies do is: pick up the phone and call people who can write checks for these products,” Matthew Sigel, head of digital asset research at Vaneck, said in an X Space discussion hosted by The Block on Friday.
He said that if $2 billion comes from Blackrock in the first week alone, it will exceed all expectations!
My opinion is that if 2 billion dollars are brought in the first transaction in this market where there is free competition and some of the other companies do not foresee this, FOMO will begin not only among small investors but also among those who apply to ETFs and perhaps not.
It will be solidly in favor of the cryptocurrency investor who is already inside.
At the same time, considering that #Blackrock, one of the "25 most successful ETF launches of all time", dominates the top 10, this action does not seem like a dream.
