Bitcoin Will be $250,000 as This Giant Company is in BlackRock ETF.
Recently received an injection of new funds from several large companies in the world. This company is a participant that has been officially registered in the spot ETF which is currently managed by BlackRock.
These big companies are present to enliven the revelry which will be held in the middle of this month.
There are also companies that have been listed on the spot ETF, among others
1. Goldman Sachs
2. Citigroup
3. UBS
4. Citadel Securities
5. ABN Amor
The Spot ETF participants already have documents as official participants, where their cooperation documents have been submitted to the United States Securities and Exchange Commission (SEC).
Apart from that, companies that are part of the Jane Street Capital group also don't want to be left behind, including JPMorgan, Virtua Americas and Macquarie.
Of the total participants who have been officially registered and have had official documents submitted to (SEC), there are 9 participants and all of them have been approved by the United States Securities and Exchange.
Goldman Sacsh has actually expressed its wishes publicly since early January, when the most prestigious investment banking and financial services company said it would participate in CRYPTOCURRENCY investment through the BlackRock ETF.
Even so, as we already know, a few days ago the chief investment officer at Goldman Sachs said that "They never believed in cryptocurrency.
However, one of the most prestigious investment banking and financial services companies in the world still has a stake in the spot ETF owned by BlackRock.
How Important Are These Giant Companies to Bitcoin ETFs?
Participants who have registered with this spot ETF have the main task of creating and redeeming the ETF units themselves. This can help maintain the existing market balance and ensure smooth trading.
In short words that can be easily understood, such as, when you make a request for an ETF, the officially registered participants will purchase and send the asset to you, so that you get the ETF units you want.
The dynamics in this ETF ensure a balance in supply and demand circulating on the market.
With the presence of this company in the BlackRock ETF area, it can be confirmed that bullish indicators on the price of bitcoin can soar in 2025.
Because, to date, the ETF has succeeded in collecting 300,000 BTC since its launch in early January and has been recognized throughout the world as the largest bitcoin holder in the world as an investor.
After these giant companies merge, the price of Bitcoin itself is currently around $69,900, it will definitely experience a very significant increase.
The belief of investors out there is that the price of BTC will reach up to $250,000 in 2025, this is believed because it coincides with the effect of HALVING BITCOIN.