{"id":439157,"date":"2025-09-20T18:51:46","date_gmt":"2025-09-20T18:51:46","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/439157\/"},"modified":"2025-09-20T18:51:46","modified_gmt":"2025-09-20T18:51:46","slug":"open-up-the-floodgates-a-blackrock-price-bombshell-is-suddenly-hurtling-toward-bitcoin-and-crypto","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/439157\/","title":{"rendered":"\u2018Open Up The Floodgates\u2019\u2014A BlackRock Price Bombshell Is Suddenly Hurtling Toward Bitcoin And Crypto"},"content":{"rendered":"

Bitcoin and crypto have exploded back this year, largely thanks to BlackRock-led Wall Street adoption and U.S. president Donald Trump\u2019s support (though fears have emerged of a bitcoin price \u201cdeath spiral\u201d<\/a>).<\/p>\n

Sign up now for <\/strong>CryptoCodex<\/strong><\/a>\u2014A free crypto newsletter that will get you ahead of the market<\/strong><\/p>\n

The bitcoin price topped $124,000 per bitcoin last month, though its early 2025 rally has stalled in recent months, just as Tesla billionaire Elon Musk issued a stark $37 trillion warning<\/a>.<\/p>\n

Now, as Goldman Sachs quietly admits to growing fears over the U.S. dollar<\/a>, the U.S. Securities and Exchange Commission (SEC) has approved a major rule change that could mean the bitcoin and crypto exchange-traded fund (ETF) \u201cfloodgates\u201d open.<\/p>\n

Sign up now for the free <\/strong>CryptoCodex<\/strong><\/a>\u2014A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run<\/strong><\/p>\n

ForbesBitcoin And Crypto Braced For A $9.5 Trillion Fed Price EarthquakeBy Billy Bambrough<\/a>\"BlackRock,<\/p>\n

U.S. president Donald Trump met BlackRock chief executive Larry Fink at the White House in 2017 before the pair embraced crypto and helped send the bitcoin price soaring.<\/p>\n

Getty Images<\/p>\n

This week, the SEC voted in favor of proposed rule changes by three national securities exchanges, allowing them to adopt generic listing standards for new crypto ETFs.<\/p>\n

The SEC approval “will open up the floodgates,” Steve Feinour, a partner at Stradley Ronon, told<\/a> Reuters.<\/p>\n

\u201cThe big trigger this week was the SEC\u2019s approval of generic listing standards for crypto ETFs on the likes of NYSE, Nasdaq, and Cboe,\u201d Nic Puckrin, macroeconomics analyst and founder of The Coin Bureau, said in emailed comments.<\/p>\n

\u201cUntil now, every ETF had to go through a lengthy, case-by-case process. Now, new products can be listed in just 75 days. This is significant for funds tied to ethereum, solana and dogecoin, or even diversified crypto baskets, as it dramatically reduces the barriers.\u201d<\/p>\n

Alongside the rule change and proving there is demand for crypto ETFs beyond bitcoin and ethereum, the first U.S. ETFs to offer spot exposure to Ripple\u2019s XRP and dogecoin started trading on Thursday, generating about $55 million in trading volume.<\/p>\n

The REX-Osprey XRP ETF, listed on Cboe under the ticker XRPR, saw the largest debut volume of any ETF launch this year, according an X post<\/a> by Bloomberg Intelligence senior ETF analyst Eric Balchunas.<\/p>\n

Sign up now for <\/strong>CryptoCodex<\/strong><\/a>\u2014A free crypto newsletter that will get you ahead of the market<\/strong><\/p>\n

Forbes\u2018We\u2019re Toast\u2019\u2014Tesla CEO Elon Musk Issues Serious $37 Trillion Warning As Fed Bitcoin Price Boom PredictedBy Billy Bambrough<\/a><\/p>\n

The bitcoin price has rocketed higher over the last few years, with some predicting the bitcoin price could be about to soar even higher.<\/p>\n

Forbes Digital Assets<\/p>\n

In August, NovaDius Wealth president Nate Geraci said it makes \u201czero sense” for BlackRock to ignore cryptocurrencies beyond bitcoin and ethereum.<\/p>\n

\u201cOtherwise, they\u2019re basically saying bitcoin and ethereum are only ones that will ever have value. Bold,\u201d Geraci posted<\/a> to X.<\/p>\n

BlackRock\u2019s spot bitcoin ETF exploded onto Wall Street in early 2024, becoming the fastest growing ETF ever and now holds almost 750,000 bitcoin worth $88 billion on behalf of investors.<\/p>\n

BlackRock, which manages around $10 trillion worth of assets for investors, spearheaded Wall Street\u2019s campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with its IBIT bitcoin fund dominating a fleet of funds that launched in January 2024.<\/p>\n

BlackRock\u2019s fund alone holds almost 4% of the 21 million bitcoin that will ever exist, which some have warned could be giving BlackRock outsized control over the network<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin and crypto have exploded back this year, largely thanks to BlackRock-led Wall Street adoption and U.S. president…\n","protected":false},"author":2,"featured_media":439158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2257,148690,2258,3400,51,2259,32,3399,1757,16,15],"class_list":{"0":"post-439157","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-bitcoin-etf","10":"tag-bitcoin-price","11":"tag-blackrock","12":"tag-business","13":"tag-crypto","14":"tag-donald-trump","15":"tag-larry-fink","16":"tag-trump","17":"tag-uk","18":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115238134320487280","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/439157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=439157"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/439157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/439158"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=439157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=439157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=439157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}