Blackrock acknowledges in BTC ETF filing that ETH, DOT, ADA and other smart contact platforms could cause demand for Bitcoin and the Bitcoin ETF to lessen.

Few understand this.

"Financial institutions are also researching and investing resources into private or permissioned smart contract platforms rather than open platforms like the bitcoin network. Competition from the emergence or growth of alternative digital asset and smart contract platforms such as Ethereum, Solana, avalanche, polkadot or cardano could have a negative impact on the demand for and price of bitcoin and thereby adversely affect the value of the shares."

Maybe it seems like a nothing burger to some, and something that are saying to cover themselves, but I think this is pretty big honestly. I dont think any major financial institution has ever come out and said anything to this degree about altcoins. They are paying attention and Im starting to think that the XRP ETF filing is something blackrock was actually planning to do but just leaked out early, rather than being totally fraudulent. More details and screenshots from the actual filing here around the 2:00 mark. https://www.youtube.com/watch?v=2bl1urS2R9s

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