The next big bet for institutional giants like BlackRock.

joeljaimes1982 (70)Authorized Userin Steem Alliance • 3 months ago

BlackRock's first objective is ethereum and in recent weeks it has increasingly resonated in the media and aims to be one of the possible next ETFs to be approved.

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Although at the beginning of March they postponed the decision on the BlackRock and Fidelity Ethereum ETF, analysts continue to point to May as the month to know the decision and if we look at the table of all the applications the first decision date will arrive on May 23 with the Vanec ETF and although unlike what happened, it is still quite up in the air whether or not we will have an approval for this Ethereum ETF.

But more and more institutions want the SEC to approve this launch or, as is the case of GrayScale, which this week has taken a position on this issue through its legal director Craig Salm, who is convinced that the SEC will approve Ethereum spot ETFs. just like he did with bitcoin.

Although Craig Salm has acknowledged the lack of commitment from the SEC, he has stated that this will not be an obstacle to approval and that despite the fact that when the SEC approved the bitcoin ETF it resolved several problems that caused applicants to have to re-apply. submit their requests on numerous occasions.

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However according to salm all of these issues have been resolved and are identical when comparing spot bitcoin ETFs to ethereum ETFs the only difference is that instead of the ETF containing bitcoin it contains ethereum so in many ways the SEC has compromised and issuers simply have less to participate with this time.

This movement has also been joined by fidelity, which just a few hours ago has submitted a new application to the SEC to offer a spot Ethereum ETF that will also give fidelity the option of staking part of the ethereum that it holds and that is approval of the ETF, as has happened with bitcoin, could surprise us quite a bit by having a great impact on ethereum.

Of course, with the support of giants like BlackRock to give it a lot of publicity and offer Ethereum exposure to its clients and continuing with Black Rock's investments, the next sector in which they have bet is tokenization, an advance that according to Larry is going to be one of the key pieces of the future and what has already been called the next generation of markets.

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For those who do not know, what tokenization is basically refers to the process by which an asset is transformed into a digital representation through tokens within a blockchain in such a way that, for example, a house worth one million euros, an investment of Not easy access can be transformed into a million tokens that you will be able to buy and depending on the number of tokens you have.

Returning to Black Rock, the international giant has already begun to take its first steps within this sector after last week it submitted a request to offer an institutional digital liquidity fund, a request to which they also added the deposit of 100 million USD. in the Ethereum network, all of this with the objective of being able to found that fund in the network.

You might wonder what currencies they are investing in? At the moment I have no information but I will be aware of what happens so I hope my publication has been very helpful to you.