Quantifying the BlackRock Effect
The Probability of ETF Approval
As emphasized in previous notes, we view BlackRock's application for a spot ETF as substantial. Regardless of whether an actual spot ETF garners approval in the near term, its “narrative” significance is undeniable.
Yet, our fundamental assumption is that this application indicates new undisclosed insights that Larry Fink and his colleagues are privy to, which the public may not be, and their application will ultimately result in a spot ETF approval.
This hypothesis is reinforced by potential legal developments on the horizon that could further sup...Finish reading this report for free
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