ETH Price Targets $6,500 as BlackRock’s ETF Nears $20 Billion Breakthrough
BlackRock's crypto gambit pays off big as institutional money floods in
The ETF Revolution
BlackRock's Ethereum trust quietly approaches the $20 billion milestone - a number that would make traditional finance veterans choke on their morning coffee. The world's largest asset manager proves once again that when Wall Street finally embraces crypto, it does so with the subtlety of a tidal wave.Market Momentum Builds
Analysts now project ETH could surge to $6,500 as the ETF's explosive growth signals mainstream acceptance. The speed of adoption leaves legacy financial products looking like dial-up internet in a 5G world. Traditional banks suddenly find themselves playing catch-up in a game they once dismissed as trivial.The Institutional Floodgates Open
With $20 billion within reach, BlackRock's success demonstrates that when traditional finance finally gets crypto, it goes all in. The irony isn't lost on anyone watching - the same institutions that once mocked digital assets now can't get enough of them. Just another day in finance where yesterday's skepticism becomes today's FOMO.Ondo Finance Acquires Oasis Pro
The deal, completed this month, gives Ondo Finance access to an SEC-registered broker-dealer, ATS, and transfer agent designations. This will allow the firm to operate compliant markets for tokenized securities within the United States. Oasis Pro was founded in 2019 and operates as a FINRA-member broker-dealer and SEC-registered transfer agent. It was among the first companies authorized to support digital securities settlement in both fiat and stablecoins. Ondo Finance founder and CEO Nathan Allman stated,
“We now have the most comprehensive suite of licenses and infrastructure necessary to develop compliant and regulated tokenized securities markets in the U.S. This acquisition makes Ondo's offering one of the strongest commitments to building a transparent, accessible, and compliant financial system on-chain.”
Ondo Finance first announced plans to acquire Oasis Pro in July. While many firms have shown interest in offering tokenized securities to US investors, regulators have yet to determine how trading equities online will function for Americans. The company launched 24/7 on-chain access to over 100 US stocks and ETFs, starting with Ethereum. The investment products were available to investors in Asia, Europe, Africa, and Latin America.
A Boost For Ondo Finance
Oasis Finance was founded in 2019 and was one of the first companies to secure approval for listing and settling digital securities in fiat and stablecoins. The firm’s licenses will help boost Ondo Finance’s abilities to offer tokenized equity trading. Ondo currently manages over $1.6 billion in assets, offering non-US investors products like tokenized Treasurys (OUSG) and yield-bearing USDY tokens.
Platforms like Robinhood, Kraken, Gemini, and Coinbase have also expressed interest in growing their tokenized equities business. A report by Ripple and the Boston Consulting Group predicted that the tokenized asset market could reach $18 trillion by 2033. Nasdaq has also filed a rule change with the SEC stating that tokenized shares will carry the same rights and privileges as the underlying security, qualifying for unified trading and execution priority under the plan. Oasis Pro CEO Pat LaVecchia stated,
“This strategic combination unites an incredibly talented team, infrastructure, and expertise to build the leading trusted, regulatory-compliant platform in digital assets. We are excited to be part of this journey.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
