BlackRock ETH ETF helps price past $2K; community sees BTC ETF as ‘done deal’
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The world’s largest asset manager filed for a spot Ether (
Bitcoin proponent Udi Wertheimer reacted to the news, saying, “There is a second best,” referring to the popular meme of MicroStrategy CEO Michael Saylor, who believes that Bitcoin (BTC) is the only true asset and that there is no second best.
BREAKING: BLACKROCK: THERE IS A SECOND BEST pic.twitter.com/SEtoTADf0h
— Udi Wertheimer (@udiWertheimer) November 9, 2023
Other crypto proponents rejoiced in growing institutional interest beyond Bitcoin. Raoul Pal said an ETH ETF is the “holy grail for asset managers as they can capture the yield and only give price performance to the ETF holders.”
Others pointed out that BlackRock’s ETH ETF interest suggests that its spot Bitcoin ETF is a done deal.
ETH ETF filling seems to suggest BTC ETF is a done deal.
(Bottom of page 12 onward) pic.twitter.com/Jymn3ltzie
— Wise (@wise_eth) November 9, 2023
Sassal, an independent Ethereum educator, drew attention to the impact of the ETF on ETH yields, claiming traders are going to “absolutely salivate over the real yield that a staked spot ETH ETF can offer.”
Magazine: Bitcoin ETF: Wall Street’s path to crypto
