Tag: ETF

A BlackRock ETF Would Supercharge The Bitcoin Mining Industry

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This is an opinion editorial by Phil Harvey, the CEO of cryptocurrency mining consultancy Sabre56. Launching the first unequivocally positive news cycle for the Bitcoin space since the collapse of FTX, BlackRock recently decided to file for a spot bitcoin exchange-traded fund (ETF). Within a few days, two additional behemoth money managers joined BlackRock as Invesco reactivated its application for a spot BTC ETF and ETF-specialist WisdomTree submitted its third application for a BTC ETF to the U.S. Securities And Exchange Commission (SEC). As of this writing, nobody can say…

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Protection Against The Financial System Requires More Than A Spot Bitcoin ETF

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This is an opinion editorial by David Waugh, a business development and communications specialist at bitcoin investing platform Coinbits. A few weeks ago, BlackRock and other major financial firms filed for permission to offer spot bitcoin exchange-traded funds (ETFs). Though the U.S. Securities And Exchange Commission(SEC) stated that these initial filings were inadequate, forcing the firms to refile, many investors believe that they will eventually be approved, creating the first-such products on the market. These new financial instruments would allow institutional and retail investors to access exposure to bitcoin’s price…

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BlackRock ETF stirs US Bitcoin buying as research says ‘get off zero’

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Bitcoin (BTC) will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says. In a Twitter thread on July 8, investor Luke Broyles delivered a bold vision of how Bitcoin would become “society’s base money.” Investor tells would-be Bitcoin buyers: “Get off zero” What started off as a commentary on how artificial intelligence (AI) is welcoming BTC soon became a dramatic outline of how it should end up as the world’s go-to currency. For Broyles, Bitcoin’s key attribute…

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The Arrival Of BlackRock: Bitcoin’s First Spot ETF

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The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The Arrival Of BlackRock As most readers are likely aware, ripples were sent through the bitcoin investment space with the announcement of a spot bitcoin ETF application from BlackRock, the world’s largest asset manager. The move from the $10 trillion asset manager stoked plenty of excitement and concerns alike from…

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SEC calls ETF filings inadequate, Binance loses euro partner…

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Top Stories This Week US SEC deems spot Bitcoin ETFs filings as inadequate There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate. The SEC told the Nasdaq and the Chicago Board Options Exchange that their filings are not “sufficiently clear and comprehensive.” The regulator returned the filings, citing the lack of information regarding the proposed surveillance-sharing agreement. Asset managers can still resubmit their applications. Cathie Wood’s ARK reportedly ‘first in…

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Cathie Wood’s ARK reportedly ‘first in line’ for a spot Bitcoin ETF

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ARK Investment Management, a pro-Bitcoin (BTC) firm founded by veteran investor Cathie Wood, is reportedly ahead in the race for a spot BTC exchange-traded fund (ETF). In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism in cryptocurrency markets. Several reports suggested that BlackRock could become the first issuer of a spot Bitcoin ETF in the United States should it receive approval, but that might not be the case, according to some executives and analysts. “Other applicants will be able to amend their…

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Gary Gensler’s job at risk, BlackRock’s first spot Bitcoin ETF…

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Top Stories This Week US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler United States Representative Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill would remove Gensler from office and redistribute power between the SEC chair and commissioners. It would also add a sixth commissioner to the agency, disallow any party from holding a majority on the commission and create an executive director position. The…

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BlackRock Nears Filing Bitcoin ETF Application, Leveraging Coinbase Custody

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BlackRock, the worlds largest asset manager, is reportedly on the brink of submitting an application for a Bitcoin ETF (exchange-traded fund), as disclosed by a reliable source familiar with the matter.  In their pursuit of a Bitcoin ETF, BlackRock has chosen Coinbase Custody as their trusted custodial solution. Moreover, the asset manager will rely on Coinbase’s spot market data to ensure accurate and reliable pricing for the ETF. Coinbase and BlackRock have so far refrained from providing any official comments on the matter. While the specifics of the upcoming ETF…

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