#BlackRock, the #titanic asset manager with almost $10 trillion in assets under management, has stepped up its push into the #cryptocurrency space at a crucial juncture that sent tremors through the digital currency #ecosystem. hence opening the door to a $15 trillion cryptocurrency boom.

The company's application for an exchange-traded fund (#ETF ) focused on the spot bitcoin market signalled this entry and catalysed a significant increase in bitcoin's value, with the leading cryptocurrency up roughly 20% over the past week. The overall cryptocurrency market increased in value as well, reaching $1.17 trillion in market capitalization.