BlackRock, Inc. is about to benefit from the bitcoin rally.Though BlackRock is late to the bitcoin race, it's getting ready to be the goto place for institutional bitcoin adoption. This will open the company to a different crop of investors and we are about ready to see their stock price soar like bitcoin recently.
The recent CRYPTO:BTCUSD rally was due to some speculation on the approval of bitcoin ETF.
What do we think will happen to NYSE:BLK price if the ETF is approved?
Trade set up
Entry price: 605.82
Stop loss: 454.51
Target price: 913.97
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