Surprise in the ecosystem due to BlackRock's movements in the crypto market

BlackRock, the largest asset manager in the world, accelerated its bet on Bitcoin through the launch of new exchange-traded funds (ETFs) and exchange-traded products (ETPs) both in the United States and Europe.

This strategy not only consolidates the legitimacy of Bitcoin as an institutional asset but also facilitates its access for large investors and redefines portfolio diversification on a global scale.

A historic leap: from Wall Street to Europe

The turning point came in January 2024 when the U.S. Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT). The product broke records by becoming the fastest ETF to reach $10 billion in assets under management, reflecting unprecedented institutional demand.$BTC