These People Manage 13 Trillion Dollars of Investment, and Now They Want To Buy In to Ethereum…
TL;DR
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Constancy, one of many loudest mouths within the legacy monetary system, simply filed for an Ethereum ETF.
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Collectively, BlackRock and Constancy have a complete of 13 TRILLION DOLLARS beneath administration.
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Two weeks in the past, the idea of an Ethereum ETF being launched within the subsequent yr or so felt fairly far out of the realm of chance. However, BlackRock and Constancy generally tend to get what they need.
Full Story
Dave Ducan was the ‘wealthy child’ at our major college.
(His mother and father owned a number of automotive dealerships).
Dave would typically make (what sounded to us like) really insane assertions about what was coming to him.
E.g. One yr he predicted he’d get a ten pace bike, an N64, AND a PlayStation for Christmas…and that is precisely what occurred (we had been all secretly fuming).
What does this must do with crypto?
It is all to spotlight that:
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Cash talks, and…
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Constancy, one of many loudest mouths within the legacy monetary system, simply filed for an Ethereum ETF.
(All of this following BlackRock’s, from earlier final week).
However we’re dropping names, when – if we wished so as to add some weight to this announcement – we should always actually be dropping numbers…
So get this: collectively, BlackRock and Constancy have a complete of 13 TRILLION DOLLARS beneath administration.
(Take the GDP of Germany, Japan, and the UK – add them collectively – and BlackRock + Constancy’s complete collective property beneath administration nonetheless beats it).
What is the takeaway?
Two weeks in the past, the idea of an Ethereum ETF being launched within the subsequent yr or so felt fairly far out of the realm of chance.
However similar to Dave Ducan earlier than them, BlackRock and Constancy generally tend to get what they need.
Which suggests issues are trying up!
