Binance Square
blackrockethetf
2,001 views
10 Discussing
Hot
Latest
The Crypto Basic
--
"BlackRock to Trim Workforce by 600 in Anticipation of Wednesday's Spot Bitcoin ETF Approval"Fox Business has disclosed that BlackRock plans to cut 600 jobs as it expects the United States SEC to approve its iShares spot Bitcoin ETF product on Wednesday, Jan. 10. Read more on: https://thecryptobasic.com/2024/01/08/blackrock-to-cut-600-jobs-as-it-expects-approval-of-spot-bitcoin-etf-on-wednesday/ #blackrockethetf #BitcoinETFApplication #cryptocrurrency #CryptoNewsLand #CryptonewswithJack

"BlackRock to Trim Workforce by 600 in Anticipation of Wednesday's Spot Bitcoin ETF Approval"

Fox Business has disclosed that BlackRock plans to cut 600 jobs as it expects the United States SEC to approve its iShares spot Bitcoin ETF product on Wednesday, Jan. 10.
Read more on: https://thecryptobasic.com/2024/01/08/blackrock-to-cut-600-jobs-as-it-expects-approval-of-spot-bitcoin-etf-on-wednesday/
#blackrockethetf #BitcoinETFApplication #cryptocrurrency #CryptoNewsLand #CryptonewswithJack
--
Bullish
🔔 BlackRock Introduces New Tokenized Asset Fund on Ethereum Blockchain ! BlackRock has launched the BlackRock USD Institutional Digital Liquidity Fund in collaboration with Securitize. The fund is accessible on the Ethereum blockchain under the ticker $BUIDL, marking a significant step in digital asset management. #Write2Earn‬ #BlackRockRevolution #BlackRockCrypto. $ETH #blackrockethetf
🔔 BlackRock Introduces New Tokenized Asset Fund on Ethereum Blockchain !

BlackRock has launched the BlackRock USD Institutional Digital Liquidity Fund in collaboration with Securitize. The fund is accessible on the Ethereum blockchain under the ticker $BUIDL, marking a significant step in digital asset management.
#Write2Earn‬ #BlackRockRevolution #BlackRockCrypto. $ETH #blackrockethetf
BLACKROCK ETF APPROVAL 🧐 As of today, January 5, 2024, BlackRock's spot Bitcoin ETF has not yet been approved by the U.S. Securities and Exchange Commission (SEC). However, there are significant developments and predictions that it could happen soon: Recent Actions and Predictions: Updated Filings: BlackRock, along with other ETF issuers like Bitwise, Valkyrie Investments, and Fidelity, submitted updated applications for spot Bitcoin ETFs by December 29, 2023. Market Awaits Decision: Analysts like Elliott Stein and James Seyffart of Bloomberg Intelligence believe approval is "inevitable," though the timing remains uncertain. Potential Date: Reuters reported on December 21st that the SEC might make a decision on several spot Bitcoin ETFs on January 2nd or 3rd, 2024. However, this date passed without any announcement. BlackRock's Model: Their revamped ETF model addresses investor protection, transaction costs, and operational efficiency, potentially paving the way for broader institutional adoption. The Significance of Approval: Institutional Access: BlackRock's ETF, backed by the world's largest asset manager, could significantly increase institutional exposure to Bitcoin. Precedent for Others: Approval could open the door for other pending applications, like those from ARK Investment and Grayscale. Market Impact: Increased availability and legitimacy could boost Bitcoin's price and attract more investors. Current Status: While speculation runs high, we still await the SEC's official decision. It's crucial to remember that regulatory decisions can be unpredictable, and delays are always possible. #blackrockethetf #BTCETFSPOT #BTC #BlackRockCrypto #coming For more latest crypto updates do follow.
BLACKROCK ETF APPROVAL 🧐

As of today, January 5, 2024, BlackRock's spot Bitcoin ETF has not yet been approved by the U.S. Securities and Exchange Commission (SEC). However, there are significant developments and predictions that it could happen soon:

Recent Actions and Predictions:

Updated Filings: BlackRock, along with other ETF issuers like Bitwise, Valkyrie Investments, and Fidelity, submitted updated applications for spot Bitcoin ETFs by December 29, 2023.

Market Awaits Decision: Analysts like Elliott Stein and James Seyffart of Bloomberg Intelligence believe approval is "inevitable," though the timing remains uncertain.

Potential Date: Reuters reported on December 21st that the SEC might make a decision on several spot Bitcoin ETFs on January 2nd or 3rd, 2024. However, this date passed without any announcement.

BlackRock's Model: Their revamped ETF model addresses investor protection, transaction costs, and operational efficiency, potentially paving the way for broader institutional adoption.

The Significance of Approval:

Institutional Access: BlackRock's ETF, backed by the world's largest asset manager, could significantly increase institutional exposure to Bitcoin.

Precedent for Others: Approval could open the door for other pending applications, like those from ARK Investment and Grayscale.

Market Impact: Increased availability and legitimacy could boost Bitcoin's price and attract more investors.

Current Status:

While speculation runs high, we still await the SEC's official decision. It's crucial to remember that regulatory decisions can be unpredictable, and delays are always possible.

#blackrockethetf #BTCETFSPOT #BTC #BlackRockCrypto #coming

For more latest crypto updates do follow.
--
Bullish
1. 💎 BlackRock's Intended Authorized Participants💎: BlackRock has disclosed plans to involve JPMorgan Securities and Jane Street as its authorized participants for their proposed spot Bitcoin ETF, pending approval from the SEC. 2. 💎Role of Authorized Participants💎: APs are entities permitted to create and redeem ETF shares, exchanging them either for a basket of securities reflecting the ETF's holdings or for cash. 3. 💎Monitoring by Bloomberg Analysts💎: Analysts James Seyffart and Eric Balchunas from Bloomberg Intelligence have been closely tracking new S-1 filings to identify selected firms as APs. This disclosure is seen as a crucial step preceding the SEC's decision. 4. 💎SEC's Expected Approval Criteria💎: Balchunas mentioned SEC's readiness to approve spot Bitcoin ETF proposals that commit to cash-only creations and redemptions while having agreements with authorized participants. 5. 💎High Likelihood of SEC Approval💎: Both Balchunas and Seyffart estimate a 90% chance that the SEC will permit some firms to launch a spot Bitcoin ETF in early January. 6. 💎Deadline for SEC Decision💎: The SEC faces a January 10 deadline for Ark Invest and 21Shares' proposal and could rule on similar plans by other firms by that date. Ark, 21Shares, and VanEck have refiled their S-1s, but only BlackRock disclosed its chosen APs. 7. 💎Details in Effective Prospectus💎: Firms are not obliged to name APs until they file the effective prospectus, which contains comprehensive information such as AP details, fees, and other pertinent information. 8. 💎Strategic Significance of AP Selection💎: The selection of APs is a critical aspect of ETF creation and redemption, impacting liquidity, narket efficiency, and the overall functioning of the ETF. 9. 💎Industry's Focus on Regulatory Decisions💎: The analysis of SEC decisions highlight the significant impact that approval or denial of a spot Bitcoin ETF can have on the crypto market and its integration with traditional finance. #etf #BlackRock’s #blackrockethetf #ETFApprovalWatch
1. 💎 BlackRock's Intended Authorized Participants💎:
BlackRock has disclosed plans to involve JPMorgan Securities and Jane Street as its authorized participants for their proposed spot Bitcoin ETF, pending approval from the SEC.

2. 💎Role of Authorized Participants💎:
APs are entities permitted to create and redeem ETF shares, exchanging them either for a basket of securities reflecting the ETF's holdings or for cash.

3. 💎Monitoring by Bloomberg Analysts💎:
Analysts James Seyffart and Eric Balchunas from Bloomberg Intelligence have been closely tracking new S-1 filings to identify selected firms as APs. This disclosure is seen as a crucial step preceding the SEC's decision.

4. 💎SEC's Expected Approval Criteria💎:
Balchunas mentioned SEC's readiness to approve spot Bitcoin ETF proposals that commit to cash-only creations and redemptions while having agreements with authorized participants.

5. 💎High Likelihood of SEC Approval💎:
Both Balchunas and Seyffart estimate a 90% chance that the SEC will permit some firms to launch a spot Bitcoin ETF in early January.

6. 💎Deadline for SEC Decision💎:
The SEC faces a January 10 deadline for Ark Invest and 21Shares' proposal and could rule on similar plans by other firms by that date. Ark, 21Shares, and VanEck have refiled their S-1s,
but only BlackRock disclosed its chosen APs.

7. 💎Details in Effective Prospectus💎:
Firms are not obliged to name APs until they file the effective prospectus, which contains comprehensive information such as AP details, fees, and other pertinent information.

8. 💎Strategic Significance of AP Selection💎:
The selection of APs is a critical aspect of ETF creation and redemption, impacting liquidity,
narket efficiency, and the overall functioning of the ETF.

9. 💎Industry's Focus on Regulatory Decisions💎:
The analysis of SEC decisions highlight the significant impact that approval or denial of a spot Bitcoin ETF can have on the crypto market and its integration with traditional finance.
#etf #BlackRock’s #blackrockethetf #ETFApprovalWatch
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number