The Depository Trust and Clearing Corporation (DTCC) removed BlackRock’s Bitcoin ETF, iBTC, from its ETF list shortly after its addition on Monday. Bitcoin’s price dropped by 3% in response, falling from $34,527 to $33,432 within 30 minutes shortly after the removal was noticed. The drop appears to have triggered $37 million in long liquidations across...Read More
While maintaining the $30,000 mark is proving challenging for Bitcoin, there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US. A potential approval can push Bitcoin between $42,000 and $56,000, according...Read More
Investment management giant BlackRock filed an amended version of its spot Bitcoin ETF S-1 application form on Wednesday, following numerous updated filings from rival firms. The updated filing includes five additional pages of text warning of additional risks the fund’s investors may face, including risks related to Bitcoin itself. Bitcoin Lacks Transparency, Says BlackRock In...Read More
Larry Fink – CEO of $10 trillion investment management giant BlackRock – says crypto is a “flight to safety” asset class, comparable it to the likes of gold and US Treasuries. In an interview with Fox Business, Fink dismissed the idea that Bitcoin (BTC)’s rally on Monday was merely due to a false rumor about...Read More
On-chain data shows that a wealthy crypto investor lost $49,000 on a bad trade following false reports about BlackRock receiving approval on its Bitcoin ETF application. As noted by analysts from Lookonchain on Monday, an anonymous whale traded $613,201 in USDC for 20.5 Wrapped Bitcoin (WBTC) using 1Inch shortly after the initial report dropped. At...Read More
JPMorgan has announced a significant milestone, revealing that it successfully conducted its inaugural live blockchain-based collateral settlement transaction involving BlackRock and Barclays. This transaction utilized JPMorgan’s Ethereum-based Onyx blockchain and the bank’s Tokenized Collateral Network (TCN). BlackRock employed this system to tokenize shares from one of its money market funds, which were subsequently transferred to...Read More
Former BlackRock managing director Steven Schoenfield, who now serves as the CEO of MarketVector Indexes, predicts that the U.S. SEC will approve a Spot Bitcoin ETF within three to six months. Schoenfield shared this estimate during a panel discussion on ETFs at CCData’s Digital Asset Summit in London, where he was joined by another ex-BlackRock...Read More
The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts say this postponement is tied to the impending risk of a U.S. government shutdown on Oct.1. SEC Delays Bitcoin ETF Applications According to separate Sept. 28 filings, the SEC has...Read More
Asset management giant BlackRock expects the Federal Reserve to keep its policy interest rate flat at its next Federal Open Markets Committee (FOMC) meeting on Wednesday. The prediction is in line with market expectations and is suspected by analysts to offer Bitcoin (BTC) a meaningful short-term price boost. BlackRock’s Fed Forecast According to Marilyn Watson...Read More
According to Bloomberg Intelligence, the highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could occur right before Labor Day (September 4). The entity said that the US Securities and Exchange Commission (SEC) is expected to respond to several applications from BlackRock, Bitwise, WisdomTree, VanEck, and Invesco in the following days....Read More
As the US Securities and Exchange Commission (SEC) faces mounting political pressure to greenlight a bitcoin ETF following its recent court loss, there’s an opposing viewpoint that insists on maintaining the current stance. However, CoinShares product head Townsend Landing believes the financial regulator is stuck in a maze of its own making. ‘Hoist With His...Read More
As expected by analysts, the Securities and Exchange Commission (SEC) has again delayed its upcoming decision on whether to approve a slew of Bitcoin spot ETF applications. This pushes forward their respective decision dates by another 45 days. According to the SEC’s website, decisions for proposed ETFs from Blackrock, Invesco, WisdomTree, Valkyrie, Bitwise, VanEck, and...Read More
On July 26, India’s Jio Financial Services (JFS) and American asset management giant BlackRock announced a joint venture to launch digital asset management services in the world’s second most populated nation. Jio Financial Services comes under the umbrella of billionaire Mukesh Ambani’s Reliance Group. The pair target an initial investment of $150 million each, according...Read More
The United States Securities and Exchange Commission (SEC) has reportedly put six spot Bitcoin exchange-traded fund (ETF) applications under review, marking the first step before officially approving or rejecting them. Finance giants, including BlackRock and Fidelity Digital Assets, have recently displayed ambitions to launch such ETFs, infusing enthusiasm in the crypto space and positively affecting...Read More
The international presence of digital assets gives them the power to transcend any one national currency like the U.S. dollar, said BlackRock CEO Larry Fink on Friday. During an interview, the executive highlighted what makes crypto unique from other asset classes, and the role BlackRock can play in the space. Democratizing Crypto Through ETFs Speaking...Read More
On July 3, Nasdaq revealed that the world’s largest asset manager BlackRock had re-filed its application for a spot Bitcoin ETF. The details added included a “surveillance-sharing agreement” with U.S. cryptocurrency exchange Coinbase. The move has given a big boost to Coinbase shares and crypto markets, which have marched higher again today. JUST IN: BlackRock...Read More
In the past two weeks, there has been a series of spot Bitcoin exchange-traded fund (ETF) applications from different traditional finance giants in the United States. The frenzy started after BlackRock, the world’s biggest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange...Read More
The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made...Read More
Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and...Read More
Asset management giant – BlackRock – believes that structural shifts like the rise of artificial intelligence (AI) have the potential to drive returns now and in the future. Its new report described the space as a “mega force” whose applications could disrupt entire industries. BlackRock found that S&P 500 gains have become increasingly concentrated in...Read More
Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month. The modification may give ARK a better chance of getting its product approved by the U.S. Securities and Exchange Commission (SEC), which has denied...Read More
Joseph Chalom – BlackRock’s head of strategic partnerships – thinks the current regulatory environment is not quite welcoming for leading institutional investors to participate in Decentralized Finance. He predicted that crypto firms like Coinbase could play a vital role in such a transition in the future, acting as a bridge between DeFi and traditional finance....Read More
Cameron Winklevoss – Co-Founder and President of crypto exchange Gemini – thinks the “great accumulation of bitcoin has begun.” He believes the asset will go on a massive uptrend once a BTC Spot ETF receives approval in the United States. As such, he labeled it as “the most obvious and best trade of this decade.”...Read More
The $10 trillion asset management giant BlackRock filed with the Securities and Exchange Commission (SEC) to launch a Bitcoin Spot ETF on Thursday – a product yet to see life within the United States. BlackRock plans to partner with Coinbase to provide custody for the Bitcoin backing the funds, as with its Bitcoin trading service...Read More
PEPE’s rise has ignited renewed investor interest in memecoins as a whole, and the frenzy continued even as bitcoin’s 2023 rally stalled. A wallet bearing the name of investment giant BlackRock withdrew 1.27 trillion PEPE (which is worth around $1.98 million) from Binance to four addresses on May 18th. According to Lookonchain’s data, these four...Read More
BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month. The sale $114 billion sale will include $27 billion worth of securities from Signature Bank, and $87 billion from Silicon Valley Bank (SVB). Securities...Read More
Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access. The CEO noted in his latest annual letter to investors that BlackRock is currently exploring the digital asset industry and would continue to...Read More
BlackRock – the largest asset manager in the world – lost millions of dollars inside FTX, according to CEO Larry Fink. The BlackRock chief spoke at The New York Times Dealbrook Summit on Wednesday, confirming that his firm held $24 million within the insolvent exchange. The money was from a “fund of funds,” and not...Read More
The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up by BlackRock, and its portfolio will consist of cash and US Treasury funds. Circle Reserve Fund The government money market fund was created in partnership...Read More
The world’s largest digital asset manager – BlackRock – reportedly launched a blockchain exchange-traded fund (ETF) for the European market. The product enables such consumers to gain exposure to companies part of the cryptocurrency sector, including miners and exchanges. According to a recent coverage, BlackRock’s newest blockchain ETF is called “The iShares Blockchain Technology UCITS...Read More
