[Serious] BIG - Wisdom Tree ($90 B), Invesco ($1.6 T), BlackRock ($10 T), Fidelity ($4.2 B) and Major Banks in the World. Everyone's eyeing Bitcoin and Entering into Market while SEC! deals with Binance and Coinbase, XRP-SEC! Coming to Conclusion. I Bet t

Guess what? After largest asset manager in the world, BlackRock filed for an Bitcoin ETF, it sparked the whole industry as everyone started following the big guy's footsteps. In the weeks following BlackRock's filing, a number of other companies, including Wisdom Tree, Invesco, and Fidelity, hopped on the train and filed for Bitcoin ETFs of their own. Just now, the news came is for Fidelity Management that they are preparing to apply for Bitcoin ETF and they already operate their digital asset operations under the name Fidelity Digital Assets while also mining and accumulating Bitcoin since last 6 years. And after them then;

The news just came in for Wisdom Tree who has just filed for seeking approval for the launch of the WisdomTree Bitcoin Trust.

[Source]( WisdomTree Files Application For Spot Bitcoin ETF )

And Investment management company Invesco ($1.6 Trillion) just reapplied for the Bitcoin ETF as they got rejected the last time they applied for it. In the filling, Invesco argued that the lack of Bitcoin Spot ETF is harming the industry as people then look for riskier alternative like Celsius and Voyager.

[Source]( BlackRock Bitcoin ETF Filing: Is This The One That Finally Gets Approved By The SEC? )

And it's not just the investment management companies that are going wild, Major banks are also exploring Bitcoin custody and trading. Goldman Sachs, Morgan Stanley, and JPMorgan Chase are all rumored to be considering offering Bitcoin custody and trading services to their clients and has always ranked Bitcoin as one of top assets, they all are trying to get in the market one way or another knowing the potential. As Banks are now embracing cryptocurrency and are looking at the potential it has.

Also, I believe they know something about the XRP-SEC case that retail doesn't, and they know behind the scenes stuff that could go real bad for SEC! which would be super bullish for the market. This could be why they are now exploring ways to invest in crypto. Ultimately, only time will tell if investment management companies and big banks know something that the public does not about the XRP-SEC case.

It is a BIG W for the whole cryptocurrency market as these companies are some of the biggest and most respected financial institutions in the world. This could lead to a flood of institutional money into the cryptocurrency market, which would likely drive prices higher and would legitimize Bitcoin in the eyes of Regulators.

Pointers-

• Wisdom Tree filed for a Bitcoin Trust.
• Invesco reactivated its Bitcoin spot ETF filing.
• BlackRock filed for a Bitcoin ETF.
• Fidelity is exploring the possibility of investing more in Bitcoin and filed an Bitcoin ETF.
• Major banks are also exploring Bitcoin custody and trading and predicting market for a potential $100K in a year. Morgan Stanley, JP Morgan, Goldman Sachs, Standard Chartered, Deutsche Bank etc...

The SEC has not yet approved any Bitcoin ETFs, but the recent news suggests that the approval process is finally starting to move in the right direction. If the SEC does approve some of these ETFs, it could be a really big news for the market. It's no hopium but the trend is clear: big money is coming into Bitcoin and we're all going for a ride.

• Title correction - Fidelity ( $4.2 Trillion )