Ethereum. BlackRock, the very same 'black rock' of global capital, is stepping into the crypto field with a new proposal — and it sounds like a verdict for boring ETFs: they want a real, physical, in-kind buyback of ETH.
Instead of selling Ethereum ETFs for dollars and cashing out, BlackRock offers to directly give Ethereum for shares. In kind, if you will. Consider this a return to a barter economy, only with gas-physics and digital gold.
BlackRock is negotiating with the SEC to include staking — yes, the very process where you hold ETH and earn passive income. This means that ETF investors will be able to both 'enter a position' and 'stake' — all under the beautiful cover of regulation.
• Currently, BlackRock manages over $10 trillion. That is more than the GDP of almost all countries in the world, including Germany.
• Market capitalization of Ethereum: ~440 billion dollars as of today.
• The potential flow into the ETH ETF, by modest estimates from JPMorgan: $15–20 billion in the first year upon approval.
• With the current supply/demand ratio, this could give the price of ETH a boost of +30–50% just from institutional purchases.
And what about the SEC?
Gary Gensler, the head of the SEC and at the same time the main sheriff of the crypto market, has already put the Bitcoin ETF under control. But Ethereum is not just a token — it is a full-fledged network with smart contracts, decentralized applications, and, most importantly, Proof-of-Stake.
This means that ETH is considered not just a commodity, but perhaps a security. And if so — hello regulation, goodbye freedom. Or the other way around?
BlackRock is openly knocking on the SEC's door with a stack of arguments that ETH can very well be an asset in their portfolio. Given that the SEC recently lost to Ripple and barely got through with the Bitcoin ETF, the stakes are high.
If the application is approved — we will see the first wave of institutional interest in Ethereum. And considering that 75% of the total ETH supply is already staked or held in cold wallets, liquidity is limited. Add in-kind buyback — and here is your recipe for explosive growth.
And now — the question: why is this important for BlackRock?
Because they see that we are not just on the brink of a crypto-revolution. We are already in it. Only most have not yet realized this. They are buying infrastructure, ETFs, pipelines, exchanges; they are not just 'entering the market'. They are creating it.
BlackRock is building a financial Ethereum bridge between the future and the present.
Welcome to the era of Ethereum 2.0. In the stock market.
Or — a stock market on Ethereum?
