What happened to the narrative of Bitcoin market cap is to small for blackrock and the like to get into as it would explode to much to soon/quickly?
Discussion
Nothing happened to it. Likely they do get approved early January and you can nearly guarantee "disappointment".
Indeed it is likely that it will be manufactured like that. You should not be disappointed though because all an ETF means is no ban.
Removes a huge risk for the long term and doesn't do that much in the short term.
You won't feel the presence of BlackRock until you look back in three years time