Tag Archives: blackrock

With strong confidence that its Bitcoin spot ETF will be approved by January 2024, BlackRock has filed an application for a spot ETH ETF. Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox News reported Thursday. According to the report, citing people familiar with the matter, the $9 trillion asset manager is confident that the approval of the ETF is imminent and...

BlackRock may be preparing to launch a spot Ethereum (ETH) ETF amid roaring confidence that its spot Bitcoin (BTC) ETF application is all but certain, a new company registration suggests. The price of ETH has soared 8% on the day to $2,020. As shown by @SummersThings on Twitter, BlackRock registered a corporation named the “iShares Ethereum Trust” in Delaware on Thursday. The name rings similar to its iShares Bitcoin Trust, a spot Bitcoin ETF product currently under review by...

As the Bitcoin market continues to surprise with its resilience and unexpected surges, investors and enthusiasts eagerly await regulatory developments. In a surprising turn of events, Bitcoin (BTC) price has soared to new heights, reaching an 18-month high and inching closer to the $37,000 mark. The sudden surge caught many market participants off-guard, with traders expressing both excitement and bewilderment at the unexpected strength of the rally. Bitcoin Price Rally and Market...

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of...

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the...

The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and Exchange Commission (SEC) will likely confirm an ETF approval by the end of the month. McClurg is hopeful because applicants have adequately addressed issues...

The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts. In a strategic move to review its relations with customers, Circle, a leading and regulated stablecoin issuer, informed its individual account holders that they will not be serviced by the end of this month. Circle wrote an email to its individual customers informing them to redeem their coins before November 30, as only...

The market is seemingly starting to wake up, and enthusiasm is as high as it’s ever been this year. The industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Starting off with Bitcoin’s price, it’s up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. Last weekend was relatively slow, but it all changed on Tuesday when the price exploded...

The Securities and Exchange Commission (SEC) has announced that it has charged BlackRock, one of the world’s largest investment management firms, for misleading investors by inaccurately describing its investments in the entertainment sector. The agency found that BlackRock failed to disclose certain risks associated with its investments, leading investors to make decisions based on incomplete information. As part of a settlement agreement, the financial behemoth has agreed...

Hayes has always maintained an optimistic outlook on Bitcoin and remains one of the market analysts who believes the best is yet to come for the premier cryptocurrency. He believes  we will see a $1 million price tag for the coin in the long term. Arthur Hayes, the former CEO of BitMEX suggests in a recent blog post titled “The Periphery”,  that a $1 million Bitcoin (BTC) price is still attainable, even in the face of inflation and ongoing wars in Israel and Ukraine. Arthur Hayes on...