BlackRock Doubles Down on Bitcoin & Ethereum as Crypto ETF Revolution Looms
Wall Street's trillion-dollar whale makes its crypto priorities crystal clear.
The Institutional Blueprint
BlackRock isn't chasing shiny objects—they're building foundations. While altcoins flash and fade, the asset management giant keeps its institutional gaze locked on Bitcoin and Ethereum. The strategy? Quality over quantity in a market drowning in speculation.
ETF Tsunami Ahead
Forget gradual adoption—we're staring down regulatory approval that could unleash billions in pent-up institutional capital. The coming ETF explosion won't be subtle. It'll rewrite crypto's place in global finance overnight.
Smart Money Speaks
While retail traders chase the next meme coin miracle, BlackRock's playing chess while others play checkers. Their focus signals where serious capital flows when regulatory gates finally swing open.
Because nothing says 'financial revolution' like Wall Street finally figuring out how to charge fees on decentralization.
So back to BlackRock’s decision to hold off on more crypto ETF filings, Kunke said: “I don’t think we’re at saturation. These are scarce assets with a lot of capital that still have barriers inhibiting that.”
The barriers are eroding though. An example, ironically, came the day of this panel discussion. On Oct. 15, Morgan Stanley started allowing its advisers to pitch crypto funds to any client (previously they could only do that for those with aggressive risk tolerances and $1.5 million or more in assets).
BlackRock competitor Vanguard still doesn’t allow clients to trade crypto ETFs on its platform. Kunke didn’t want to comment much on that, but did note Vanguard’s stance “wasn’t terribly surprising” given the index fund giant’s focus on stocks and bonds.
When will more wirehouses follow Morgan Stanley in lifting other crypto investing restrictions?
“I would say months, not years,” Kunke said. “Conversations are accelerating.”
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