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Morgan Creek Capital Managements Mark Yusko is declaring that crypto spring is already underway and that the approval of a Bitcoin (BTC) exchange-traded fund (ETF) will be the spark that lights the next bull run.

In a new interview with crypto influencer Lark Davis, Yusko says that he believes crypto spring began on June 15, exactly one year after he believes crypto winter ended.

With the market looking for bullish catalysts, Yusko says that a Bitcoin ETF will be hugely positive for BTC and the overall crypto space.

Yusko points out that BlackRock, the biggest asset manager in the world, has virtually a 100% success rate of getting ETFs approved, and will likely continue its streak with its Bitcoin application.

Of course its a good thing. Because it will be approved. BlackRock is 475 and 1. Theyve made 476 applications for ETFs, theyve had 475 approved. This ones going to get approved. Now, does Bitwises or Amuns Do they get theirs first because they were in line first? Im going to say no, and that sucks, but Im going to say theyll be some weird reason why BlackRock goes to the head of the line. Its just the way it is. When you have $10 trillion in assets, you get special privileges.

The Bitcoin bull says that the BlackRock ETF could unleash a $30 trillion market of institutional investors that would then have access to Bitcoin after previously being hesitant due to regulatory uncertainty. If the ETF is able to get one-tenth of 1% of those assets, Yusko says it would certainly move the needle on Bitcoin given its low free float, or BTC that are actually available for trading.

$30 trillion. Lets get one-tenth of one percent. $30 billion. $30 billion on $600 billion, thats not much Mark, that wont do anything. Ah, [but] its not $600 billion. The free float is more like $100-$150 billion. $30 billion on $150 billion? That will move the needle. And if we get 1% instead of ten basis points, thats $300 billion. $300 billion on a $150 billion, thats a big ass number.

When BTC goes back to its all-time high, Yusko says he doubts there will be a long lineup of people waiting to sell. He predicts much less free float and much less sell pressure on Bitcoin once it reaches the $50,000 to $60,000 range.

People get more convinced that they want to HODL forever as the price rises, and they dont panic. So if the price goes back to $50,000 or $60,000, I think theyll be less free float, not more. I dont think theres a lot of people out there that are going to be selling. I think what you see with the daily selling is just the same people buying and selling over and over, the bots, the high frequency traders

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$30,000,000,000,000 Wave of Capital Could Send Bitcoin Into Next Bull Run, Says Mark Yusko Heres His Outlook - The Daily Hodl