Speculation is rife that Gary Gensler may resign from the position of SEC Chair and take up an executive role at BlackRock. If this is the case, it could mean a closer collaboration between regulatory expertise and institutional finance.
At the same time, analysts assert that the Spot Bitcoin ETF market could grow to $100 billion with more investors willing to put their money into crypto-based products. Given BlackRock’s significant presence and reputation, the company is strongly incentivized to ensure this becomes a reality.
As this is happening, many traders are selecting IntelMarkets (INTL) as their preferred trading platform. Its trading bots powered by Rodeum AI adapt to user behavior to manage risk and maximize profits, and copy trading based on proven strategies from top analysts gives users practical ways to act decisively. Continue reading for more information!
Gary Gensler’s BlackRock Move and What It Means for Crypto
Speculation is growing around SEC Chair Gary Gensler stepping down after Donald Trump’s election win. Historically, SEC chairs have resigned before a new administration takes office, and insiders believe Gensler could follow this pattern. If he moves to BlackRock, this could bridge regulatory knowledge with institutional finance in a way not seen before.
During Gensler’s tenure, the SEC took a very aggressive stance against all manner of cryptocurrency projects which included high-profile cases such as that of Ripple. Analysts opine that Gensler’s stepping down will pave the way for a more reasonable view on issues to do with digital assets which may also affect the ongoing lawsuit against Ripple concerning the status of the asset XRP.
The possible exit of Gensler and a new position taken up shortly create an environment where engagement of institutional finance with digital currency can be innovations, and there could be more changes packed in the months to come.
Experts See a $100 Billion Opportunity in Spot Bitcoin ETFs
According to analysts, the approval of U.S. spot Bitcoin ETFs could bring in $50 billion to $100 billion in investments by year-end. This would result in 437k to 1.32 million bitcoins held by ETFs, which is bound to advance the adoption of the asset by institutions.
Standard Chartered is comparing the Spot Bitcoin ETF impact to the first U.S. gold exchange-traded product, which quadrupled gold prices in seven years. It has been noted that the pace of growth in Bitcoin will take place much earlier than expected owing to the rise of institutional investors. This trend is expected to have a direct impact on the BTC price as well.
Furthermore, in recent weeks, Bitcoin ETFs have managed to accumulate 17,000 BTC per week, and one day BlackRock IBIT registered over $1 billion. Analysts predict that increased inflows into Spot Bitcoin ETFs will drive demand and push BTC prices even higher. Moreover, it is already trending toward being accepted as a mainstream financial asset in the economy.
IntelMarkets Explodes as Investors Ride the Crypto Boom
IntelMarkets has swiftly turned out to be a favorite platform for traders with features oriented to meet the current dynamic crypto regime. Its ability to support both Ethereum and Solana on a Dual Chain is a game changer as it allows users to either choose Ethereum’s established ecosystem or Solana’s speed and low costs.
As the platform has a high leverage option that goes as high as 1000 times, traders can amplify their trades and take advantage of even minor price changes. Moreover, with a wide selection of asset pairs, including major cryptocurrencies like Bitcoin and Ethereum and lesser-known altcoins, IntelMarkets caters to traders of all expertise levels.
Notably, a highlight of IntelMarkets is its self-learning trading robots powered by Rodeum AI, which help automate strategies, manage risk, and improve outcomes. Plus, the copy trading feature allows users to follow and replicate the strategies of experienced traders which makes it easier for newcomers to benefit from expert techniques.
In terms of growth, IntelMarkets’ presale performance has reflected strong demand. In Stage 5, the platform has sold over 10 million tokens, raising more than $2.1 million. With the token price currently at $0.04 and set to rise to $0.05 in the next round, investors are participating early to take advantage of the lower price.
Discover More About IntelMarkets:
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