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The recent remarks on Crypto and possible ETFs by the big financial giants are likely not just empty words. Even if for their own advantage, they will pump money in.

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The recent remarks on Crypto and possible ETFs by the big financial giants are likely not just empty words. Even if for their own advantage, they will pump money in.

The last weeks have been a whole lot of mess around, going from the regulatory uncertainty by the SEC on Crypto to a sudden turn of BlackRock to get a Bitcoin Spot ETF that fuelled a larger wave of big institutions looking to enter the Crypto markets too. And while many of us have, rightfully, been skeptical of that as at the end it could just turn out to be a hype event as many other events have in Crypto too.

But I believe that in this case there is actually some truth and reliability to the sauce. Why? Well, while I also think that those big institutions have literally no interest in boosting any kind of crypto adoption as that would just create more competition for themselves. But there is one thing that they always want and are satiated of: Money.

This whole operation for them is basically to be even more attractive for investors and to just show them that they are truly moving with the times.

Excerpt from JP Morgan statement about Spot ETF filing by BlackRock and Co.

Here is also an excerpt from a statement from a skeptic of this movement. JP Morgan has said that those Spot ETFs wonβ€˜t have any significant impact on the markets, but they have also said that Spot ETFs are way better than the current Futures ETFs and that they will get a ton a liquidity into the Crypto markets.

submitted by /u/partymsl
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