Why is Bitcoin ETF certain to be approved?
1. BlackRock’s ETF approval rate is as high as 99.8%, with only one rejection in history.
2. During the 2008 financial crisis, the U.S. government asked BlackRock to develop a recovery strategy. This shows a high level of confidence in BlackRock
3. BlackRock CEO recently expressed a positive view of Bitcoin, calling it “digital gold” and emphasizing its potential role in portfolio diversification.
4. BlackRock previously launched a private Bitcoin ETF specifically targeting institutional investors
5. Europe and Canada have created spot Bitcoin ETFs
6. Additionally, other asset managers including Vanguard and Fidelity have filed to create their own Bitcoin spot ETFs this cycle.
PS: BlackRock is a shareholder of 4 of the 5 largest mining companies in the world. In August, the giant increased its investment, purchasing 99,810 shares of mining company Bitdeer, First Trust Advisors LP (46,680 shares) and Credit Suisse Asset Management (13,850 shares) also invested in BTDR stock
1. BlackRock’s ETF approval rate is as high as 99.8%, with only one rejection in history.
2. During the 2008 financial crisis, the U.S. government asked BlackRock to develop a recovery strategy. This shows a high level of confidence in BlackRock
3. BlackRock CEO recently expressed a positive view of Bitcoin, calling it “digital gold” and emphasizing its potential role in portfolio diversification.
4. BlackRock previously launched a private Bitcoin ETF specifically targeting institutional investors
5. Europe and Canada have created spot Bitcoin ETFs
6. Additionally, other asset managers including Vanguard and Fidelity have filed to create their own Bitcoin spot ETFs this cycle.
PS: BlackRock is a shareholder of 4 of the 5 largest mining companies in the world. In August, the giant increased its investment, purchasing 99,810 shares of mining company Bitdeer, First Trust Advisors LP (46,680 shares) and Credit Suisse Asset Management (13,850 shares) also invested in BTDR stock