{"id":550295,"date":"2023-09-06T20:30:58","date_gmt":"2023-09-06T20:30:58","guid":{"rendered":"https:\/\/wncen.com\/?p=550295"},"modified":"2024-06-11T07:06:51","modified_gmt":"2024-06-11T07:06:51","slug":"analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/","title":{"rendered":"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors"},"content":{"rendered":"<p>The <span class=\"selectable-text copyable-text\">possibility of a Bitcoin spot Exchange Traded Fund (ETF) launching in the US, which has gained much attention over the past months, has again made headlines <\/span><span class=\"selectable-text copyable-text\">due to\u00a0Bloomberg ETF analyst Eric Balchunas&#8217;s recent suggestions.<\/span><\/p>\n<p>According to the analyst,\u00a0<span class=\"selectable-text copyable-text\">should the US Securities and Exchange Commission (SEC) approve BlackRock&#8217;s Bitcoin spot ETF, a vast pool of $30 trillion capital overseen by US financial advisors could be directed toward Bitcoin investments.<\/span><\/p>\n<p>Notably, <span class=\"selectable-text copyable-text\">Balchunas clarified that while the approval of a BTC\u00a0<a href=\"https:\/\/wncen.com\/breaking-news-ticker\/breaking-grayscale-triumph-sec-crushed-gbtc-rockets-towards-etf-bitcoin-targets-28000\/\" target=\"_blank\" rel=\"noopener \">spot ETF<\/a> could serve as an accessible pathway for the $30 trillion managed by financial advisors to flow into BTC investments potentially, it is not particularly sure if the entirety of the $30 trillion would move into Bitcoin.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/breaking-news-ticker\/breaking-grayscale-triumph-sec-crushed-gbtc-rockets-towards-etf-bitcoin-targets-28000\/\" target=\"_blank\" rel=\"noopener \">BREAKING: Grayscale Triumph: SEC Crushed, GBTC Rockets Towards ETF, Bitcoin Targets $28,000<\/a><\/div>\n<p>The analyst noted that <span class=\"selectable-text copyable-text\">only a fraction of that amount might consider investing. Balchunas noted: &#8220;But even if 0.5% of that allocates, it&#8217;s $150b.&#8221;<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hey I said that a spot ETF will be a bridge to the $30T advisors manage, a very small amt of which may invest, not all 30! \ud83d\ude42 But even if 0.5% of that allocates it&#8217;s $150b<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/38439599?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">September 5, 2023<\/a><\/p><\/blockquote>\n<h2><span class=\"selectable-text copyable-text\">Aftermath Of A BlackRock\u2019s Bitcoin <\/span><span class=\"selectable-text copyable-text\">Spot\u00a0<\/span><span class=\"selectable-text copyable-text\">ETF<\/span><\/h2>\n<p>It is worth noting that w<span class=\"selectable-text copyable-text\">hen BlackRock, boasting over $9 trillion in assets under management, lodged its Bitcoin spot ETF application, it didn\u2019t merely mark its entry. It also dramatically tilted the probability scales<a href=\"https:\/\/wncen.com\/bitcoin-news\/sec-prove-bitcoin-is-not-manipulated\/\" target=\"_blank\" rel=\"noopener \"> for an ETF approval<\/a>.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Before BlackRock stepped into the frame, the Bloomberg expert claimed that the odds of a BTC spot ETF seeing the light of day in the US hovered around a mere 1%. However, after BlackRock&#8217;s involvement, Balchunas <a href=\"https:\/\/pod.link\/chainreaction\/episode\/192c5bd6cb5be8da2fbc9cd501c3a43c\" target=\"_blank\" rel=\"noopener nofollow\">disclosed<\/a>\u00a0in a podcast that the probability surged to\u00a050%.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Their application had consequences. Balchunas observed a <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-mvrv-at-critical-support-line-will-retest-be-successful\/\" target=\"_blank\" rel=\"noopener \">subsequent surge<\/a> in similar applications from renowned entities, namely ARK Investment, Valkyrie, and <a href=\"https:\/\/wncen.com\/bitcoin-news\/btc-uptrend-fidelity-to-submit-bitcoin-spot-etf-filing\/\" target=\"_blank\" rel=\"noopener \">Fidelity<\/a>. This underscored BlackRock\u2019s influence and the escalating competition in the space.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">Balchunas noted:<\/span><\/p>\n<blockquote><p><span class=\"selectable-text copyable-text\">Their application triggered a wave of similar filings by other prominent firms such as ARK Investment, Valkyrie, and Fidelity, setting the stage for a highly competitive environment.<\/span><\/p><\/blockquote>\n<h2><span class=\"selectable-text copyable-text\">Spot ETF Vs. Futures ETF: The Real Potential<\/span><\/h2>\n<p class=\"selectable-text copyable-text iq0m558w g0rxnol2\" dir=\"ltr\"><span class=\"selectable-text copyable-text\">The US isn\u2019t entirely unacquainted with BTC ETFs. Bitcoin futures ETFs have already made their mark, albeit in a limited manner. <\/span><\/p>\n<p class=\"selectable-text copyable-text iq0m558w g0rxnol2\" dir=\"ltr\"><span class=\"selectable-text copyable-text\">As it stands, these futures-based ETFs amass roughly $1 billion in total assets under management. A figure that, though impressive, may appear minor in the face of a spot ETF&#8217;s potential.<\/span><\/p>\n<p class=\"selectable-text copyable-text iq0m558w g0rxnol2\" dir=\"ltr\"><span class=\"selectable-text copyable-text\">Balchunas went as far as to <a href=\"https:\/\/techcrunch.com\/2023\/08\/17\/bitcoin-spot-etf-crypto-demand\/#:~:text=According%20to%20Eric%20Balchunas%2C%20senior,spot%20is%20the%20holy%20grail.\" target=\"_blank\" rel=\"noopener nofollow\">term<\/a> the BTC spot ETF the &#8220;holy grail.&#8221; A product that, if approved, could overshadow existing futures ETFs and charge up the crypto domain in ways so far unseen.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/sec-prove-bitcoin-is-not-manipulated\/\" target=\"_blank\" rel=\"noopener \">Want A Bitcoin Spot ETF? Then Prove BTC Is Not Manipulated, Says SEC<\/a><\/div>\n<p dir=\"ltr\">Meanwhile, amid the race to approve a Bitcoin spot ETF, BTC has been in a continuous downtrend over the past week. The asset has <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-hodler-dominance-rises-to-record-levels-bullish-sign\/\" target=\"_blank\" rel=\"noopener \">dipped below the $26,000 mark<\/a>, down by 5.7%. Bitcoin currently trades for $25,501, at the time of writing, down by nearly 1%.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/XL9mL8hb\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p dir=\"ltr\">Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The possibility of a Bitcoin spot Exchange Traded Fund (ETF) launching in the US, which has gained much attention over the past months, has again made headlines due to\u00a0Bloomberg ETF analyst Eric Balchunas&#8217;s recent suggestions. According to the analyst,\u00a0should the US Securities and Exchange Commission (SEC) approve BlackRock&#8217;s Bitcoin spot ETF, a vast pool of $30 trillion capital overseen by US financial advisors could be directed toward Bitcoin investments. Notably, Balchunas clarified that while the approval of a BTC\u00a0spot ETF could serve as an accessible pathway for the $30 trillion managed by financial advisors to flow into BTC investments potentially, it is not particularly sure if the entirety of the $30 trillion would move into Bitcoin. Related Reading: BREAKING: Grayscale Triumph: SEC Crushed, GBTC Rockets Towards ETF, Bitcoin Targets $28,000 The analyst noted that only a fraction of that amount might consider investing. Balchunas noted: &#8220;But even if 0.5% of that allocates, it&#8217;s $150b.&#8221; Hey I said that a spot ETF will be a bridge to the $30T advisors manage, a very small amt of which may invest, not all 30! \ud83d\ude42 But even if 0.5% of that allocates it&#8217;s $150b \u2014 Eric Balchunas (@EricBalchunas) September 5, 2023 Aftermath Of A BlackRock\u2019s Bitcoin Spot\u00a0ETF It is worth noting that when BlackRock, boasting over $9 trillion in assets under management, lodged its Bitcoin spot ETF application, it didn\u2019t merely mark its entry. It also dramatically tilted the probability scales for an ETF approval. Before BlackRock stepped into the frame, the Bloomberg expert claimed that the odds of a BTC spot ETF seeing the light of day in the US hovered around a mere 1%. However, after BlackRock&#8217;s involvement, Balchunas disclosed\u00a0in a podcast that the probability surged to\u00a050%. Their application had consequences. Balchunas observed a subsequent surge in similar applications from renowned entities, namely ARK Investment, Valkyrie, and Fidelity. This underscored BlackRock\u2019s influence and the escalating competition in the space. Balchunas noted: Their application triggered a wave of similar filings by other prominent firms such as ARK Investment, Valkyrie, and Fidelity, setting the stage for a highly competitive environment. Spot ETF Vs. Futures ETF: The Real Potential The US isn\u2019t entirely unacquainted with BTC ETFs. Bitcoin futures ETFs have already made their mark, albeit in a limited manner. As it stands, these futures-based ETFs amass roughly $1 billion in total assets under management. A figure that, though impressive, may appear minor in the face of a spot ETF&#8217;s potential. Balchunas went as far as to term the BTC spot ETF the &#8220;holy grail.&#8221; A product that, if approved, could overshadow existing futures ETFs and charge up the crypto domain in ways so far unseen. Related Reading: Want A Bitcoin Spot ETF? Then Prove BTC Is Not Manipulated, Says SEC Meanwhile, amid the race to approve a Bitcoin spot ETF, BTC has been in a continuous downtrend over the past week. The asset has dipped below the $26,000 mark, down by 5.7%. Bitcoin currently trades for $25,501, at the time of writing, down by nearly 1%. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":550310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,83971,1119,78790,6664],"class_list":["post-550295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bloomberg-analyst","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\n<title>Analyst: Blackrock&#039;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors<\/title>\n<meta name=\"description\" content=\"The possibility of a Bitcoin spot ETF which has gained much attention over the past months has once again made it to the headlines...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst: Blackrock&#039;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors\" \/>\n<meta property=\"og:description\" content=\"The possibility of a Bitcoin spot ETF which has gained much attention over the past months has once again made it to the headlines...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-06T20:30:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:06:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors\",\"datePublished\":\"2023-09-06T20:30:58+00:00\",\"dateModified\":\"2024-06-11T07:06:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\"},\"wordCount\":541,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536\",\"keywords\":[\"bitcoin\",\"Bloomberg analyst\",\"btc\",\"BTCUSDT\",\"crypto\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\",\"url\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\",\"name\":\"Analyst: Blackrock's Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536\",\"datePublished\":\"2023-09-06T20:30:58+00:00\",\"dateModified\":\"2024-06-11T07:06:51+00:00\",\"description\":\"The possibility of a Bitcoin spot ETF which has gained much attention over the past months has once again made it to the headlines...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536\",\"width\":750,\"height\":536,\"caption\":\"The Bitcoin Spot ETF Boom\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Analyst: Blackrock's Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors","description":"The possibility of a Bitcoin spot ETF which has gained much attention over the past months has once again made it to the headlines...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/","og_locale":"en_US","og_type":"article","og_title":"Analyst: Blackrock's Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors","og_description":"The possibility of a Bitcoin spot ETF which has gained much attention over the past months has once again made it to the headlines...","og_url":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-06T20:30:58+00:00","article_modified_time":"2024-06-11T07:06:51+00:00","og_image":[{"width":750,"height":536,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors","datePublished":"2023-09-06T20:30:58+00:00","dateModified":"2024-06-11T07:06:51+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/"},"wordCount":541,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536","keywords":["bitcoin","Bloomberg analyst","btc","BTCUSDT","crypto"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/","url":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/","name":"Analyst: Blackrock's Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536","datePublished":"2023-09-06T20:30:58+00:00","dateModified":"2024-06-11T07:06:51+00:00","description":"The possibility of a Bitcoin spot ETF which has gained much attention over the past months has once again made it to the headlines...","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536","width":750,"height":536,"caption":"The Bitcoin Spot ETF Boom"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors","url":"http:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bloomberg analyst","btc","btcusdt","crypto"],"dateCreated":"2023-09-06T20:30:58Z","datePublished":"2023-09-06T20:30:58Z","dateModified":"2024-06-11T07:06:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst: Blackrock&#8217;s Bitcoin Spot ETF May Unleash $30 Trillion From US Advisors\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bloomberg analyst\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2023-09-06T20:30:58Z\",\"datePublished\":\"2023-09-06T20:30:58Z\",\"dateModified\":\"2024-06-11T07:06:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Blackrocks-Bitcoin-Spot-ETF-May-Unlock-30-Trillion.jpeg?fit=750%2C536","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=550295"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/550310"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}