BlackRock is suddenly “HODL 4 life” or is it a secret agenda?  In this quick fun video, we analyze the situation,
https://www.youtube.com/watch?v=HtPEozss1BQ

That's right, Fidelity Investments, which manages over $4.2 trillion in assets, is preparing to launch a Bitcoin ETF and make a bid to acquire Grayscale. My view is that their position of influence within the financial industry, especially with their extensive resources and expertise, has the potential to have a significant impact on the cryptocurrency market if their proposed Bitcoin ETF is approved.

I am here only looking at it from the perspective of Market Legitimacy and Increased Accessibility. In my opinion, the entry of well-known asset managers like BlackRock and Fidelity into the Bitcoin ETF space adds credibility to the cryptocurrency market. That means their involvement can bring in more traditional institutional and financial institution investors, leading to increased adoption and acceptance of cryptocurrencies making it easier for retail investors to gain exposure to cryptocurrencies.

ETFs are a popular investment vehicle due to their simplicity and accessibility, potentially opening up the crypto market to a wider range of investors although the Securities and Exchange Commission (SEC) is also wary of approving Bitcoin ETFs citing concerns over market manipulation, storage, and investor protection. I think that's the SEC's job on this.

Why do you have to link the Binance/Coinbase "legal battles" with these ETF proposals?
There's nothing that links Binance/Coinbase with Blackrpock and Fidelity.
By the way, AFAIK there's a settlement between Binance and the SEC, so I wouldn't call the Binance case a "catastrophic litigation".
I couldn't care less about Bitcoin ETF news anymore. The year is 2023, not 2017. The Bitcoin community shouldn't care about all Bitcoin ETF proposals, that are coming from here and there.
I don't want to comment the conspiracy theories about the US government wanting to take control over the crypto industry via Blackrock.
There's not enough evidence proving such theory.

As suspected first fidelity files for ETF and now it is part of a new exchange. SEC playing it game behind this big announcement. My conspiracy theory is no more a conspiracy now. It is gradually becoming a reality and it won't be much longer when everything gets revealed on main stream media.

Rumors or not. I guess this is a good indicator of bullish market for bitcoin and crypto market. Also it seems the headline about sec and binance are startee to become blur and it didnt go their ways.

With the upcoming good news, people anf more institutions would not be hesitant now to pour some funds on crypto. Plenty of newd about legality still a better market noise for crypto market it is.

I don't see any other detailed motives about what happened. The whole thing is that the SEC does not want the US investor to be exposed to this type of asset at the present time, and what accelerated these things is the huge losses that investors suffered in the year 2022, not to mention the FTX crisis, so they are trying to extract any A platform that could collapse in the future or be managed with many doubts. Try to read what is happening as Blackrock paves the way belied by crypto small market cap.

What is certain is that this is still in the public spotlight as well as the crypto market where it seems that the SEC still does not have enough strong evidence that Binance US is abusing customer assets and breaking the law with BAM Trading. Whether it is final or not, only the SEC knows.


At least the progress of ETFs approval is already showing results. If I read in the news, Hong Kong's largest bank, HSBC has now given the green light for customers to trade Bitcoin and Ether ETFs listed on their stock exchanges, at least Bitcoin ETFs have had a positive impact on the crypto market at the moment.