The momentum in the market has completely turned since BlackRock filed for a Bitcoin spot ETF. Currently, the applications are piling up at the US Securities and Exchange Commission (SEC). In addition to BlackRock, Invesco (4th largest ETF issuer), WisdomTree (top 10 issuer), Bitwise and Valkyrie have submitted their Bitcoin spot ETF filings (again), while the BTC price knows only one direction at the moment: Up only!
According to renowned figures from the crypto space, this is for a good reason. In an interview with Brian Sullivan for CNBC’s “Last Call”, Anthony Pompliano theorized that the “Great Accumulation Race” for Bitcoin has begun.
As “Pomp” discussed, everyone has heard of the space race, where a number of countries competed to get into space first. Something similar is now happening in the Bitcoin space, triggered by the spot ETF application from BlackRock, which called the race.
According to Pompliano, the current rise in Bitcoin’s price is triggered by insti
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