BlackRock’s Crypto Stake: Institutional Whales Gain Power

BlackRock’s recent acquisition of Strategy (formerly MicroStrategy) and their 5% stake have sparked debate about a major shift in power dynamics within the cryptocurrency market. This move, coupled with BlackRock’s record growth in Ethereum ETFs, has led to speculation that large institutional players like BlackRock are now shaping the future of crypto trading. Analysis suggests these institutions wield significant influence through their control over Bitcoin and Ethereum.