Bitcoin and BlackRock
Bitcoin Could Hit Up if BlackRock Bitcoin ETF is Approved: Matrixport
Hacker 
Crypto financial services platform Matrixport has predicted a major Bitcoin (BTC) rally driven by favorable macroeconomic conditions and lower US inflation.
However, the real game-changer came with BlackRock’s announcement of its Bitcoin ETF application on June 15, 2023.
In an earlier report, Matrixport revealed that the US registered investor advisor (RIA) community consists of approximately 15,000 advisors overseeing around $5 trillion.
Comparing this to the precious metals ETFs, which have a market cap of around $120 billion, assuming that 10-20% of precious metal ETF investors consider diversifying into a Bitcoin ETF as a hedge against monetary debasement and inflation, Matrixport said we could witness an inflow of $12 to $24 billion into the Bitcoin ETF.
