Recently, saw that Bitcoin, Ethereum, and USDT (which is an International Stablecoin) can now be accepted by SEC BlackRock and Qatari traders. Recently Qatar also talked a lot about Bitcoin in its Qatar’s Sovereign Wealth Fund. From COP28 countries it seems that Qatar, BlackRock, and Grayscale are now asking the SEC for a Bitcoin ETF. As much as Bitcoin is crazy around the world and SEC, Ethereum, and USDT (Stablecoins) are also important for Qatar, BlackRock, and SEC. because of the high fees charged in Bitcoin and Ethereum for institutional investors, students, and pension-based investors, the SEC is to make a strategy to reduce all fees for and sake of making a profit. Qatar’s $500b USD investment in crypto will be made by BlackRock and other Assets management companies, so the SEC will now offer Bitcoin ETFs to Qatari and European investors along with BlackRock. By the way, this $500B of Qatar coming into Bitcoin Trust for the first time is very important for BlackRock, Grayscale, and SEC.
SEC offers Bitcoin ETFs to BlackRock, Qatar, UAE and Grayscale to accept BTC, ETH and USDT for international settlements in 2024
There can be no easier way than BlackRock, Blackstone, Grayscale, and SEC to invest and manage Qatar’s entire fund in Bitcoin. However, if Qatar’s $500B USD plan is successful then there are chances of Qatar getting approximately 2.5M Bitcoin and for that, it is very important to get approval from GrayScale, BlackRock, and SEC. However, after the allegations against other top US Crypto Exchanges like Binance and FTX, people have only believed in Bitcoin and it seems that now big investors are trying to buy Bitcoin and try to push the Bitcoin price to $500K. Recently, Qatar, UAE, Oman, Bahrain, and Saudi Arabia have been planning to invest in the future including Bitcoin, Gold, Energy Stock, Agriculture, and Technology to improve the future of Saudi Arabia. UAE also a big part of Blockchain infrastructure and development of digital payments, web3, and DeFi solutions to create more jobs across the UAE and Middle East. US Congress, SEC and US Financial sectors are predicts that Bitcoin Demand are surging across world and its a opportunities for US interests to approve Bitcoin ETFs to generate global investments.