Thread by @CryptoKingKeyur

🚨 BREAKING: #BlackRock's Bitcoin ETF application with the SEC has a jaw-dropping success rate of 575 to 1 😱

Will they be the ones to crack the code and bring #Bitcoin to the mainstream? 🔥

A thread 🧵

1️⃣ Is #BlackRock about to make history with their #Bitcoin Spot ETF application?

👉 Their track record with the SEC is unparalleled, with 575 approvals and only ONE rejection.

https://twitter.com/ericbalchunas/status/1669691447996456963

2️⃣ As the world's largest asset manager, #BlackRock has been cautiously stepping into the #crypto realm.

👉 They started with minor investments in #Bitcoin futures and even launched a Blockchain ETF in Europe.

👉 Now, they're going all in with the Bitcoin Spot ETF in the US!

3️⃣ The filing of #BlackRock's Bitcoin Spot ETF alongside Coinbase as the custodian has sent shockwaves through the industry.

👉 #Bitcoin's price surged over $2,000 in just a few days, hinting at the potential positive impact of this ETF approval.

https://twitter.com/cryptokingkeyur/status/1669599968766885888

4️⃣ Bloomberg's senior ETF analyst, Eric Balchunas, believes that #BlackRock's chances of success are HIGH, based on their mindblowing track record.

👉 With 575 ETF approvals under their belt, they know how to navigate the SEC's requirements.

https://twitter.com/ericbalchunas/status/1669691447996456963

5️⃣ However, the SEC has been notoriously tough on #Bitcoin Spot ETF applications, rejecting numerous proposals in the past.

👉 Market manipulation and fraud concerns have been cited as the main roadblocks.

6️⃣ It's worth noting that the SEC's Chair, Gary Gensler, has acknowledged #Bitcoin as a commodity, despite the agency's skepticism towards the industry.

👉 #BlackRock's timing is intriguing, considering the SEC's negative stance.

7️⃣ With the weight and influence of #BlackRock in the financial world, everyone's wondering if they have insider knowledge or a secret weapon that will secure their victory.

8️⃣ The #crypto community is eagerly awaiting the SEC's decision on #BlackRock's #Bitcoin Spot ETF application.

👉 If approved, it could be a game-changer, opening doors for broader adoption and institutional involvement.

9️⃣ What are your thoughts on #BlackRock's daring move into the #crypto space?

👉 Will their #Bitcoin Spot ETF be a resounding success, or will the SEC deny them the chance to make history?

👉 Sound off in the comments below!

👉 Let's spark a lively discussion 🔥

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https://twitter.com/cryptokingkeyur/status/1670731236233601024