15 trillion dollar “earthquake” may hit the market

Starting with Blackrock’s ETF, a series of positive developments have emerged over the past few days within the crypto ecosystem. The accumulation trend is back on track, with asset prices calling for higher targets.

Well, it doesn’t look like the volatile times are going to end soon. The market could end up experiencing a $15 trillion “earthquake”. In fact, the valuation of assets including Bitcoin, Ethereum, Cardano, Dogecoin, Solana, and XRP may be affected.

‘New Wave’ – Major Bank Reveals $15 Trillion Earthquake That Could Head For Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Solana, Polygon https://t.co/Xz5APJshzO

— Forbes (@forbes) June 22, 2023

Also Read: Ethereum: Is It Time To Get Ready For The 55% Crowd?

The collapse of 15 trillion dollars

The world’s largest asset manager, Blackrock, filed a Bitcoin ETF application with the SEC last week. Well, the regulator has not approved any application for BTC ETFs yet. However, the latest move, when combined with the developments of WisdomTree, Invesco and Valkyrie, highlights the company’s resilience and eagerness to serve investors with this new investment vehicle.

BlackRock has approximately $10 trillion in assets under management. Now, that would potentially be “open” to the crypto market. Moreover, Laser Digital of Japanese banking giant Nomura recently revealed that 96% of professional investors, who manage up to $5 trillion, are looking to invest in cryptocurrency. Highlighting the findings of the study, Jez Mohieldin, CEO of Laser Digital, said,

“Our comprehensive study reveals that the majority of institutional investors surveyed see a clear role for digital assets in the investment management landscape, and the benefits it can bring, such as increased portfolio diversification.”

Also Read: Bitcoin Equities ETF Tracking Coinbase, MicroStrategy in the Netherlands

Investors are positive on Bitcoin and Ethereum

Nomura’s digital asset firm surveyed 303 institutional investors who collectively manage $4.95 trillion in assets. The survey indicated that 82% of investors have an optimistic view of both Bitcoin and Ethereum. In parallel, 88% of them said that they or their clients are considering investing in crypto assets.

Alex Adelman, CEO of Bitcoin Rewards App Lolli, emphasized the fact that Blackrock’s filings show that there is “a growing and strong demand for Bitcoin among its clients, which include some of the largest institutions in the world.” Indeed, he feels other Wall Street giants will soon follow in BlackRock’s footsteps. As a result, the market may see a “new wave” of enterprise crypto-related product launches in the future.

Simon Peters, market analyst at eToro, noted that the potential for a BTC spot ETF to “move the market is not very clear.” This is necessary because snapshots will be called on demand. However, he asserted, BlackRock managed “a mouth-watering amount of world capital”. So, the success of a spot ETF can unlock “huge amounts of liquidity” in the market. This, in turn, can help boost asset prices.

Also Read: 140,000 Bitcoin Allocation to MicroStrategy Turns ‘Profitable’

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