Blackrock WANTS an Ethereum ETF. Hedera Partners with Algorand.

#crypto #ethereum #hedera

Blackrock wants to get an Ethereum ETF, Hedera partners with Algorand.
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Hello people and we have some weekend bitcoin news for you or crypto news for you black rock and Larry think now backs the ethereum ETF and of course of course they want to make money from it and they think it actually has value and of

Course uh that’s going to go a long way towards tokenization tokenization is probably their overall strategy because they want to tokenize all assets so Black Rock can control them but what Black Rock wants Black Rock gets because according to all of you they’re part of this giant thing called the cabal and if

They want something they can get it so basically like he says I see value in having ethereum ETF obviously they’ll see value in having every crypto ETF as long as they can get customers and they can make money from it these are just stepping stones towards tokenization I

Really believe this is where we’re going to be going tokenization was going to happen with or without Black Rock but with black rock supporting it it’s probably going to happen a lot faster a lot of you think this is actually control but I think this like was

Inevitable cuz it’s easy to move assets around if you tokenize them and it opens up a lot of new opportunities think about it like you might not be able to buy an entire Manhattan apartment but you can own a token that entitles you to 1/1 100th of a Manhattan apartment you

Know those Manhattan apartments might be $10 million you can’t afford 10 million but you can afford $100,000 and this is where it’s actually going to be very very um interesting and very very like lucrative for investment businesses because it opens up large Investments to smaller investors and there’s a new market that’s completely

Been untapped and it makes it much easier to trade certain assets so like they they want to list an ethereum ETF from Black Rock because they know that grayscale has applied for one and they do not want to be left out cuz Black Rock wants a part in anything that makes

Profit um so rwas is going to be incredibly big but but a lot of it is going to be happening on ethereum I think the smaller blockchains like Maple Finance Goldfinch will probably get a part of it too the ones that are specifically made for rwa one I think

That kind of gets lost is like proy they’ve been around for a while not really sure uh how they’re doing the tokenization thing haven’t really heard too much from them in the last couple of years but they’ve been around for a while and I know they have a couple of

Partnerships on the website so those are the kind of coins that you should actually be looking towards I mean rwa is basically asset tokenization and even though ethereum is going to be the one getting an ETF it’s not like all the business will go be be going towards

Ethereum we know that ethereum is very very slow and others uh people might be looking for other Solutions as well or maybe even build their Solutions based on other technology so that’s going to be extremely interesting to see how this works out I also think that buying some

Other right now is probably a decent idea there was a run up to the Bitcoin ETF that was caused by the ETF obviously the anticipation of the ETF and right now it seems like there is anticipation for the ethereum ETF that’s most likely going to come in May because remember

All these ETFs are filed in the same premise even though if the Black Rock um acceptance deadline would actually be you know in August September the first deadline for ethereum is actually in May and uh if they want to approve black rocks they’re probably going to have to

Approve the rest of them as well because they’re going to be filed under the exact same circumstances and since they l a Bitcoin ETF through they’ve basically opened up the floodgates for all the other ETFs and because ethereum like Bitcoin has a Futures ETF there is

No reason not to let an ethereum ETF through and the SEC has um not wanted to call ethereum a security so I don’t think that’s going to be much of a problem it seems like a lot of the analysts and a lot of the biggest investment managers do believe that

Ethereum ETF is coming and some of you might be saying oh everyone expects it so they’re going to not approve it well that didn’t prove true for the Bitcoin ETF and I doubt it’s going to prove true for the ethereum ETF and but I think we’ll get we’ll know a couple of weeks

Or a couple months in advance if they’re going to actually accept the ETF or not because the SEC like all government agencies does telegraph these things out in other news Vanguard is a complete hypocrite no surprise there anti-crypto army people are obviously all Hypocrites

So they’re one of the ones uh as part of like uh this I guess anti-crypto alliance with City Mar Lynch Edward Jones and UBS but they are the most staunch ones because the others actually have ETFs open for their high value customers or the customers that have a

Lot of money with them or sophisticated customers they’re the only ones that are like nope we’re not doing at all but it’s not like Vanguard itself does not have exposure to bitcoin they might not have Bitcoin directly but they are one of micro strategy’s largest holders and you know that micro strategy’s entire

Net worth is basically based around how much Bitcoin it owns the amount of Bitcoin that micro strategy owns is actually worth more than the company and the price of micro strategy stock goes essentially up and down with Bitcoin make no mistake if a company buys micro strategy stock they are essentially

Buying Bitcoin because that’s its entire net worth the other part of the company isn’t worth very much at all and it and Vanguard itself owns and manages a large stake in MST they hold over 1.26 Mill million mstr shares as as of September 2023 making it the second largest institutional holder in the

Company with 8.24% ownership I don’t know who the largest one is it might be black rock or something so of course it’s also part of the portfolio of several vanguard’s mutual funds so you can have exposure to bitcoin just not the ETF which makes this whole Spiel

From them very hypocritical as you can see top institutional holders is actually not Black Rock um for micro strategy it is Vanguard group black Rock’s actually number three they actually hold more than uh Black Rock Fidelity of um micro strategy than any other company only Capital International

Investors CI owns more than them so there’s like you know Bitcoin for me but not for you complete and utter Hypocrites and of course Vanguard is actually losing customers over this several people have already closed their Accounts at Vanguard hyera and aland have a partnership what is this

Partnership they’re going to develop a decentralized wallet recovery system not really sure how this is going to do this but uh they’re going to do this but it would be very helpful for people that have lost their pneumonic code or you know private keys and stuff this could

Be pretty big and I know many people do lose that stuff so blockchain ecosystems hadera and alran collaborated on a new alliance and open- Source protocol to troubleshoot the need for decentralized Recovery uh for digital assets uh major players from within had and algar ecosystems including harar foundation and decentralized alaran Foundation

Announced the launch of a new alliance called Dr Alliance on Jan 11th to build a decentralized recovery system for digital assets the alliance was unveiled at the crypto conference crypto Finance conference in St mores by Lemon beard uh Leman beard the co-founder of herera and

John Woods Chief uh C CTO for the alaran foundation now I think this is good for both if they can actually pull this off I think this product will be in high demand because many people do lose their new mic code and they can’t actually get it back so they encourage every

Blockchain and Industry to create standards for open source code to bring safety and promise to web 3 without the complexity all blockchains need to work together create a compatible standard across all wallet software on blockchains that’s true that would help a lot with interoperability as well uh

But like if they want to um develop a decentralized wallet recovery system that is definitely going to be very very popular with a lot of crypto people especially with a lot of new crypto people just coming into the space because many people will forget those things will forget to write it down and

They will lose their money uh because of that so seam they also say seamless user experience is qu to any great product we need to maximize ease of use and minimize risk associated with self sovereignty yeah I mean there’s always going to be risk when you’re like basically custody your own funds and

This is obviously some of them if there was like you know a backup method that would be great of course there’s going to be some danger because people could go use the backup method to get the private keys and that’s not something you actually want so the SDC also has

Official statements on the hack and the fake tweet and Gary ginzler said uh someone like you know hacked in tweeted two tweets liked a couple of other tweets but deleted one of the two tweets and didn’t delete the other one but there is no evidence that any of the

Other SEC uh devices were compromised that part I can believe in CU they just hack their X account and the X account isn’t actually um related to any of the other SEC servers it’s essentially X or Twitter but Congress isn’t having any of it they are pressing and demanding an

Investigation and I really really hope they get the investigation because I still believe that even though it was a Sim swap it could have been someone within the SEC and we want to unveil any of the sec’s corruption as we can prove that they’re not in effect of legislator or um

Regulator and hopefully you know limit their credibility a little bit in the upcoming lawsuits against coinbase and binance and even against Ripple by the ways that Ripple case is going to last quite a bit longer than we thought there’s a couple of delays there and uh it’s probably not going to get resolved

Until at least the middle of the year which would be the first possible date for a uh xrp ETF to be submitted and there’s an 8-month delay between submission and approval so early next year I think would be the earliest that an xrp ETF could get approved if anyone

Actually files one so that’s the news for today let me know what you think like And subscribe hit that Bell notifications button thank you and have a nice day