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Recent developments in cryptocurrency markets have paved the way for significant advancements. Over the last two years, key milestones have been reached, setting the stage for exciting future opportunities. At the forefront of these developments is BlackRock, with over $10 trillion in assets under management, driving forward the cryptocurrency agenda.
BlackRock and Cryptocurrencies
In July 2023, BlackRock submitted an application for a Bitcoin 
$105,646 ETF, marking what many considered a historic turning point for digital currencies. Although some renowned financial analysts predicted Bitcoin’s decline, the initial reactions in the market were tepid. However, Bitcoin subsequently surged past $35,000, leading to a peak above $109,000 in 2025.
As the world’s largest asset manager, BlackRock is committed to achieving its strategic goals, reflected in its decision to file the ETF application. The firm only faced a single ETF application rejection, achieving an impressive track record with nearly 500 successful approvals. Under Gensler’s leadership, the BTC ETF was approved, followed by a similar approval for ETH ETF.
Cryptocurrencies have now become part of the asset offerings from major asset managers, entering the portfolios of investors worldwide. BlackRock’s continued efforts underscore the integration of cryptocurrencies into the broader financial ecosystem. The recent approvals have transformed digital currencies into a significant asset class.
Ethereum to Surge
In light of these developments, BlackRock is preparing its next move in the crypto space, with Ethereum 
$2,528 by applying for an ETH ETF. The company’s recent meeting request with the SEC, aiming to convince a crypto-resistant administration, highlights its ambitions. Successfully obtaining approvals from a resistant Gensler, BlackRock demonstrates its influence.
BlackRock’s meeting with the SEC’s crypto task force requested permission to include a staking feature in their ETF. Through staking, ETFs like the ETH offering could generate around 5% annual returns for investors, making them highly attractive. This could significantly boost investor interest and enthusiasm in Ethereum.
Moreover, BlackRock is expected to file for new products tapping into altcoin opportunities, leveraging the clarification on crypto-based ETF approval conditions. This strategy indicates their intention to expand their product lineup, capitalizing on current market conditions. Furthermore, BlackRock seeks detailed guidance on options for products like ETH and BTC.
Inclusion of staking capabilities in an ETH ETF by BlackRock could signal a substantial price increase for Ethereum, potentially initiating a stable upward trend.
