Tag: BlackRock039s

BlackRock's Bitcoin ETF Saw Outflow For the First Time Since May

coiner

BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust, experienced an outflow of $13.5 million on Thursday. This was IBIT’s first outflow since May 1st. Thursday’s outflow was the second ever for the iShares Bitcoin Trust since its launch in January. The ETF has seen consistent inflows almost daily, cementing itself as a dominant Bitcoin investment product. Prior to Thursday’s $13.5 million outflow, the last time the fund saw withdrawals was May 1st when $37 million was pulled out. That coincided with Bitcoin hitting a local low of $56,000.…

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BlackRock's Robert Mitchnick: Bitcoin Is "Overwhelmingly" The Number One Priority For Clients

coiner

In a fireside chat today at the Bitcoin Investor Day by Reflexivity Research, Robert Mitchnick, the Head of Digital Assets at BlackRock, shared insights into the asset manager’s approach to Bitcoin, cryptocurrencies and the future of the crypto market. Mitchnick emphasized that Bitcoin remains, overwhelmingly, the top priority for BlackRock’s clients, with minimal interest in other cryptocurrencies. He highlighted that the crypto community desires a broader range of crypto products from BlackRock, but the company’s focus remains on Bitcoin. 🚨NEW: @BlackRock’s Head of Digital Assets Robert Mitchnick addresses how the asset…

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Nasdaq Files Amendment for BlackRock's Spot Bitcoin ETF, Nears Approval Deadline

coiner

The Nasdaq has submitted an amendment for BlackRock and Valkyrie’s Spot Bitcoin Exchange-Traded Fund (ETF) 19b-4 filings, inching closer to the looming approval deadline this coming Wednesday. The amendment filing comes was the next step forward in the regulatory process, indicating progress in the bid to secure approval from the U.S. Securities and Exchange Commission (SEC). The Nasdaq’s latest amendment filing for the BlackRock and Valkyrie Spot Bitcoin ETF signals an intensified effort to address regulatory queries and concerns within the specified timeframe. As the approval deadline approaches, the amendment filing underscores Nasdaq’s commitment to refining…

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