Are Fidelity and BlackRock fueling the next crypto bull run? Amid the brutal crypto winter that's erased almost $2 trillion of value, these Wall Street giants, with a combined $14 trillion in assets, are making significant moves. According to Forbes, two financial giants, JPMorgan and BlackRock, could fuel the next Bitcoin bull run. The report confirms the same for Ethereum (ETH) and Ripple. But how are they doing it?

It’s no secret that BlackRock and Fidelity are quietly preparing. Forbes has reported that Fidelity and BlackRock are “quietly laying the groundwork,” for crypto’s next bull run, holding a combined $14 trillion in assets. Specifically, the Wall Street giants BlackRock and Fidelity have emerged as the two largest of the new bitcoin ETF issuers, raking in assets under management of around $15 billion and positioning themselves to profit from increased mainstream adoption.

BlackRock's recent actions speak volumes. BlackRock has become the first Wall Street giant to use JPMorgan's blockchain-based collateral settlement system, part of a plan that BlackRock's chief executive sees as crucial for the future of finance. This move suggests a deeper integration of blockchain technology into traditional financial systems.

No one knows when the next crypto bull run will arrive, but when it does it’s safe to say that BlackRock and Fidelity will be in a position to take full advantage. Their investments, strategic partnerships, and innovative blockchain initiatives suggest they are betting big on the future of cryptocurrency. Keep an eye on Fidelity, BlackRock, and the broader crypto market as we await the next surge.