Big negative news for crypto.

Big negative news during this period, as well as the return of talk about the collapse of Binance and the news of FTX selling the currencies it owns. This reminded me of when Bitcoin was at 16 thousand dollars, and from there it went to more than 30 thousand dollars, and now the talk is back on the same topic, Binance and FTX, as well as people. Which is waiting for acceptance {BlackRock thinks that this is the point of entry and investment, but on the contrary, this will be the point of exit because by announcing their acceptance, the market will already be very positive... Originally, BlackRock is investors in the market and they have huge investments in crypto. Declaring acceptance or rejection. As they said, the maximum date for the announcement will be the month of March 2024, and with all these negative events that we are experiencing during this period, it is possible that the market will turn to a strong positive state during this period until the time of announcing the acceptance of BlackRock.

This is a list of all funds who have applied for the spot Bitcoin ETF.

BlackRock ($10T AUM)

Fidelity ($4.5T)

Invesco Galaxy ($1.5T)

Franklin Templeton ($1.5T)

Wisdom Tree ($87B)

VanEck ($61B)

GlobalX ($40B)

ARK Invest ($14B)

Valkyrie ($1B)

Bitwise ($1B)

In total, these managers have $17.7T of the Assets Under Management (AUM).