Ethereum going to $28,000 AFTER BlackRock ETF Approval? | Expert Explains

Ethereum going to $28,000 AFTER BlackRock ETF Approval? | Expert Explains

I am excited to share my insights regarding the potential impact of BlackRock ETF Approval on Ethereum’s price. As an expert in the field, I have been closely monitoring the developments in the cryptocurrency world, and the recent buzz surrounding Ethereum’s surge to $28,000 after BlackRock’s ETF approval has piqued my interest. In this blog post, I will explain the significance of this approval and its potential effects on Ethereum’s price. So, join me as I delve into this intriguing topic and provide you with expert analysis on what lies ahead for Ethereum.


In recent news, BlackRock, the world’s biggest asset manager, has made headlines by filing to list an Exchange-Traded Fund (ETF) backed by spot Ethereum on the NASDAQ. This development has sparked a lot of excitement and speculation in the cryptocurrency community, with many experts predicting a significant impact on the price of Ethereum and other cryptocurrencies. In this article, we will delve deeper into the potential implications of a BlackRock Ethereum ETF and what it could mean for the future of cryptocurrencies. So, grab your popcorn and let’s dive in!

The BlackRock Ethereum ETF: A Game-Changer?

The announcement of BlackRock filing to list an Ethereum ETF has sent ripples of excitement throughout the cryptocurrency market. CoinShares, a digital asset management firm, released a research report suggesting that the introduction of a BlackRock Ethereum ETF could potentially push the price of Bitcoin up to an astonishing $141,000. This eye-catching prediction raises questions about the correlation between fund flows and the price of Bitcoin.

Fund Flows and Bitcoin Price: A Connection?

It seems that there is indeed a correlation between fund flows and the price of Bitcoin. When more money flows into Bitcoin, it often leads to price increases. Galaxy Digital, a prominent cryptocurrency investment firm, predicts a potential 74% price increase in the first year of a Bitcoin spot ETF, based on just 10% of addressable assets under management. This means that if a fraction of the total addressable assets were invested in a Bitcoin ETF, the price could experience a significant surge.

Inflows into Bitcoin: On the Rise

Inflows into Bitcoin have been steadily increasing, reaching approximately $300 million in the highest week of this year. This upward trend suggests growing interest and confidence in Bitcoin as an investment asset. Additionally, the fact that precious metals ETFs in the US hold around $1.2 trillion implies the potential for a substantial inflow of approximately $25 billion into Bitcoin if even a small portion of these assets were to shift.

The Price Push: From $4.4 Billion to $141,000

According to CoinShares’ research report, if $4.4 billion of inflows occur as a result of a BlackRock Ethereum ETF, the model predicts a price push to a staggering $141,000 per Bitcoin. However, it is crucial to note that this estimate is difficult to determine with absolute certainty. Predicting the exact impact of an ETF on Bitcoin’s price is a challenging task, as it depends on various factors and market dynamics.

The Impact of Key Players

The involvement of various salesforces, including BlackRock, Salesforce, Kathy Woods, and Fidelity, may have a significant impact on fund flows for Bitcoin. These players have the potential to influence market sentiment, attract institutional investors, and drive the adoption of cryptocurrencies further. Their endorsements and involvement could lead to a surge in fund flows into Bitcoin and other cryptocurrencies.

Altcoin Daily: Empowering Users with Information

Amidst all the excitement and speculation surrounding the BlackRock Ethereum ETF and its potential impact on the crypto market, it is essential to stay informed and make well-informed decisions. Platforms like Altcoin Daily strive to provide the latest news, insights, and analysis to help users better navigate the cryptocurrency landscape. By keeping up with reputable sources and expert opinions, crypto enthusiasts and investors can make informed decisions about their investments.


The introduction of a BlackRock Ethereum ETF has the potential to be a game-changer for the cryptocurrency market. The correlation between fund flows and Bitcoin price suggests that inflows resulting from such an ETF could significantly impact the price of Bitcoin. However, while projections point to a potential price push to $141,000, it’s important to acknowledge the uncertainties of such estimates. The involvement of influential players and the growing interest in Bitcoin further amplify the excitement surrounding the future of cryptocurrencies. Remember, staying informed and staying ahead is key in this evolving landscape.

FAQs After The Conclusion:

  1. Q: What is an ETF?
    A: An Exchange-Traded Fund (ETF) is a type of investment fund that is traded on stock exchanges, providing investors with exposure to various assets or market indexes.

  2. Q: What is the significance of BlackRock filing to list an Ethereum ETF?
    A: BlackRock, being the world’s biggest asset manager, entering the cryptocurrency market by listing an Ethereum ETF could attract more institutional investors and potentially lead to a surge in fund flows into cryptocurrencies.

  3. Q: How does fund inflow affect the price of Bitcoin?
    A: Historically, increased fund inflows into Bitcoin have led to price increases. As more money flows into the cryptocurrency, demand rises, and consequently, so does the price.

  4. Q: What is the role of Altcoin Daily in the crypto space?
    A: Altcoin Daily is a platform that provides users with information, news, and analysis to empower them in making informed decisions regarding cryptocurrencies.

  5. Q: Can we predict the exact impact of a BlackRock Ethereum ETF on Bitcoin’s price?
    A: It is difficult to predict the exact impact as it depends on various factors and market dynamics. While projections suggest a potential price increase, uncertainties abound in the cryptocurrency market.

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