Bitcoin And Crypto Are Quietly Braced For A ‘Monstrous’ BlackRock ETF Price Earthquake

Key Points

1. Bitcoin and crypto prices have experienced volatility following a $300 billion sell-off, with analysts speculating on a potential game-changing price movement linked to BlackRock's ETF.

2. The SEC has authorized in-kind transactions for crypto ETFs, marking a shift from previous cash-only preferences under former chair Gary Gensler, signaling a more pro-crypto regulatory approach.

3. BlackRock, managing $85 billion in bitcoin ETF assets, filed to allow in-kind transactions, which could strengthen its market dominance, while competitors like Fidelity may see reduced market share.

4. The SEC's approval of increased contract limits (from 25,000 to 250,000) is expected to attract larger institutional investors and improve market stability during volatility.

5. Ray Dalio's recommendation of a 15% portfolio allocation to bitcoin or gold has fueled market optimism, suggesting growing institutional interest in crypto as a hedge against traditional financial risks.