The biggest asset-manager BlackRock has a 575-1 track record of getting ETFs approved. Even if the Bitcoin ETF does not go through, it is a pretty strong message for the regulators.

We have all seen the news of BlackRock proposing a Bitcoin ETF in the past days, but I still think many do not realise the actual significance of this massive news. BlackRock is by far the biggest asset manager in this whole world and has all the connections and probably are more powerful than many governments. More than that their track record for getting ETFs approved is a jaw-breaking 575 to 1! (that one rejected is also an MDMA ETF, difficult to sell anyway)

Prior news of the BlackRock proposal for the Bitcoin ETF

So it is clear that their move basically also cements that the highest levels of the corporate field are interested in making profits off Bitcoin, meaning there is basically no way for it to die after those big institutions just run in there, they won‘t let their own money fade away.

But actually the SEC does not even have to approve that ETF and they very likely could reject it and maybe BlackRock even knows that exactly this will happen, after all it would seem very suspicious if the SEC suddenly approved a Bitcoin ETF because it is coming from BlackRock.

As Joker once said: “It is not about the money, it is about the message“. BlackRock is looking to send a hidden message directly to the SEC, saying that they are destroying Crypto too much. BlackRock just as everyone else, including us, wants to make profit off an emerging industry and they just need time to get in there, from which they had enough in this bear market. Now that they are setting themselves up, they can not let the SEC just destroy it all.

In other words, the big people have entered Crypto and as corrupt and selfish they may be, there is one thing they like and that is money. They won‘t let anything get destroyed that gives them money, like Crypto could do.