Meltem Demirors, chief strategy officer of CoinShares, has released the crypto assets of eight major financial institutions.
Earlier this month, of BlackRockJune 16 spot bitcoin Its exchange-traded fund application has started a wave for similar products, showing that institutions are turning more towards Bitcoin. Many of the largest financial institutions in the US are actively working to gain access to Bitcoin and more. Additionally, he stated that eight major companies have a total of $27 trillion in crypto assets.
Announcement About Data Received From Authorized Names
Will Clemente, co-founder of Reflexivity Research, echoed Demirors’ thoughts, pointing out that Bitcoin’s market cap is less than $600 billion;
“We’re talking about $25 trillion in assets under management that could soon buy Bitcoin, between HSBC, Blackrock, Fidelity, and Schwab.”
ETF moves, which started from time to time in the past, came out at a really critical moment this year. The fud news, which started both globally and across the crypto industry, had dragged BTC below $25,000. However, with BlackRock’s BTC ETF application and many companies added to it, BTC exceeded $ 30,000 breathlessly. It is a matter of curiosity how the ETF trend, which is currently positive, will continue.
