BlackRock’s
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#BlackRock’s argues #SEC has no grounds to treat #crypto futures and spot ETFs differently🤔
Notice the undertone 👀
➡️Translation- Now, that I(BlackRock) have filed #bitcoin ETF, why you(SEC) you are wasting time ? What are you waiting for ?🤷🏻
#BTC #SECChairman
Notice the undertone 👀
➡️Translation- Now, that I(BlackRock) have filed #bitcoin ETF, why you(SEC) you are wasting time ? What are you waiting for ?🤷🏻
#BTC #SECChairman
What Happened in Crypto Market over 24H?
📢 Micro news
🔸 $BTC - #BTC🔥🔥🔥🔥🔥🔥 and altcoins have seen a recovery over the weekend. Currently, BTC is trading at 65.1k with a market cap of $2.511 trillion. Yesterday, Bitcoin miners earned a record high of $106.7 million.
🔸 $SOL - The next round of locked #Solana coins from the FTX estate will be auctioned, with details to be released today.
🔸 $JUP - LSD Sanctum platform and AI UpRock project are the next names to be launched on Jupiter Launchpad.
🔸 $ZKAS - Zkasino betting platform has allegedly taken $32 million #ETH🔥🔥🔥 from over 10,000 investors for farming token $ZKAS. The low-cap betting project $SHFL is highly regarded.
🔸 $LIKE - Only1 has raised $5 million to build an OnlyFans clone on Solana.
🔸 $PUFF - Puff plans to make an announcement regarding the starting of Blue Potion bonding this week.
🔸 $GUMMY - The listing day saw $GUMMY's market value surpassing 150 million, showcasing once again the wealth-generating power of the #SolanaMemeCoins.
🔸 $PUPS - Project Pups has teased the release of an overview of the migration process.
🔸 $MERL - Unicross opens the Merlin Rune cross-chain bridge, and RUFI is the first cross-chain rune token.
🔸 $RUNE - Today's rune market is not as hot as yesterday, with reduced gas fees. Value discovery has begun.
🔸Top 6 Big Projects will Unlock Tokens this week
- $ID ~ $15.37M ~ 4.28% M.Cap ~ Apr 22
- $RBN ~ $25.47M ~ 2.24% M.Cap ~ Apr 24
- $ALT ~ $41.19M ~ 7.87% m.cap ~ Apr 25
- $RONIN ~ $124.89M ~ 11.7% M.Cap ~ Apr 27
- $AXL~ $31.58M ~ 4.06% M.Cap ~ Apr 27
- $YGG ~ $12.4M ~ 4.12% M.Cap - Apr 27
---------------
📢 Macro News
🔸Trump wins on inflation as Biden centers tariffs, jobs: NBC News poll
🔸UK Launches Saudi Investment Drive to Grab Share of MBS’s Vision
🔸#BlackRock’s steps up security for Larry Fink after ‘anti-woke’ backlash
🔸The important economic calendar for this week:
- Quarterly GDP index - Apr 25, 10:30 UTC
- PCE inflation for March at 10:30 UTC on Apr26
--> May potentially have a short-term impact on the price of $BTC .
📢 Micro news
🔸 $BTC - #BTC🔥🔥🔥🔥🔥🔥 and altcoins have seen a recovery over the weekend. Currently, BTC is trading at 65.1k with a market cap of $2.511 trillion. Yesterday, Bitcoin miners earned a record high of $106.7 million.
🔸 $SOL - The next round of locked #Solana coins from the FTX estate will be auctioned, with details to be released today.
🔸 $JUP - LSD Sanctum platform and AI UpRock project are the next names to be launched on Jupiter Launchpad.
🔸 $ZKAS - Zkasino betting platform has allegedly taken $32 million #ETH🔥🔥🔥 from over 10,000 investors for farming token $ZKAS. The low-cap betting project $SHFL is highly regarded.
🔸 $LIKE - Only1 has raised $5 million to build an OnlyFans clone on Solana.
🔸 $PUFF - Puff plans to make an announcement regarding the starting of Blue Potion bonding this week.
🔸 $GUMMY - The listing day saw $GUMMY's market value surpassing 150 million, showcasing once again the wealth-generating power of the #SolanaMemeCoins.
🔸 $PUPS - Project Pups has teased the release of an overview of the migration process.
🔸 $MERL - Unicross opens the Merlin Rune cross-chain bridge, and RUFI is the first cross-chain rune token.
🔸 $RUNE - Today's rune market is not as hot as yesterday, with reduced gas fees. Value discovery has begun.
🔸Top 6 Big Projects will Unlock Tokens this week
- $ID ~ $15.37M ~ 4.28% M.Cap ~ Apr 22
- $RBN ~ $25.47M ~ 2.24% M.Cap ~ Apr 24
- $ALT ~ $41.19M ~ 7.87% m.cap ~ Apr 25
- $RONIN ~ $124.89M ~ 11.7% M.Cap ~ Apr 27
- $AXL~ $31.58M ~ 4.06% M.Cap ~ Apr 27
- $YGG ~ $12.4M ~ 4.12% M.Cap - Apr 27
---------------
📢 Macro News
🔸Trump wins on inflation as Biden centers tariffs, jobs: NBC News poll
🔸UK Launches Saudi Investment Drive to Grab Share of MBS’s Vision
🔸#BlackRock’s steps up security for Larry Fink after ‘anti-woke’ backlash
🔸The important economic calendar for this week:
- Quarterly GDP index - Apr 25, 10:30 UTC
- PCE inflation for March at 10:30 UTC on Apr26
--> May potentially have a short-term impact on the price of $BTC .
BlackRock Broadens Authorized Participants for Bitcoin ETF
BlackRock, the asset management firm behind the spot Bitcoin exchange-traded fund (ETF) IBIT, has updated its list of authorized participants (APs).
The new list includes additional companies like Citadel Securities, Goldman Sachs, UBS Securities, Citigroup Global Markets, and ABN AMRO Clearing USA, bringing the total number of APs to nine. This expansion aims to enhance liquidity and accessibility for the ETF.
Expanding Authorized Participants to Boost Liquidity and Accessibility for IBIT
Authorized Participants, typically large financial institutions, play a crucial role in ETF operations. They provide cash to the ETF management company in exchange for ETF securities, which they then sell to investors. This process is vital for maintaining liquidity and accuracy of ETF share prices in the market.
The recent expansion of Authorized Participants for IBIT, BlackRock’s spot Bitcoin ETF, is expected to enhance its liquidity and accessibility for investors. With major institutions like Citigroup and Goldman Sachs joining, it signals Bitcoin’s growing acceptance as a mainstream asset.
According to Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, this development suggests that large traditional finance companies are now showing interest in participating in spot Bitcoin ETFs and are willing to publicly associate with them.
BlackRock’s Spot Bitcoin ETF and Market Performance
BlackRock, along with nine other issuers, received approval from the United States Securities and Exchange Commission (SEC) to launch spot Bitcoin ETFs. These products commenced trading on exchanges in the United States in early January.
Initially, BlackRock’s iShares product had only four authorized participants, including Jane Street Capital, Macquarie Capital, JPMorgan Securities, and Virtu Americas. However, the official filing indicated that more authorized participants could be added at any time at the company’s discretion.
Since its launch, the IBIT investment product has attracted over $14.4 billion in net inflows. Yesterday, it witnessed a net inflow of approximately $144 million, marking the highest single-day net inflow among other issuers.
Bitcoin’s current trading price is slightly below the $68,000 threshold, standing at $67,929. This reflects a modest increase of over 0.5% within the 24-hour period, based on data sourced from CoinMarketCap at the time of writing.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BlackRock’s #BitcoinETF💰💰💰
The new list includes additional companies like Citadel Securities, Goldman Sachs, UBS Securities, Citigroup Global Markets, and ABN AMRO Clearing USA, bringing the total number of APs to nine. This expansion aims to enhance liquidity and accessibility for the ETF.
Expanding Authorized Participants to Boost Liquidity and Accessibility for IBIT
Authorized Participants, typically large financial institutions, play a crucial role in ETF operations. They provide cash to the ETF management company in exchange for ETF securities, which they then sell to investors. This process is vital for maintaining liquidity and accuracy of ETF share prices in the market.
The recent expansion of Authorized Participants for IBIT, BlackRock’s spot Bitcoin ETF, is expected to enhance its liquidity and accessibility for investors. With major institutions like Citigroup and Goldman Sachs joining, it signals Bitcoin’s growing acceptance as a mainstream asset.
According to Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, this development suggests that large traditional finance companies are now showing interest in participating in spot Bitcoin ETFs and are willing to publicly associate with them.
BlackRock’s Spot Bitcoin ETF and Market Performance
BlackRock, along with nine other issuers, received approval from the United States Securities and Exchange Commission (SEC) to launch spot Bitcoin ETFs. These products commenced trading on exchanges in the United States in early January.
Initially, BlackRock’s iShares product had only four authorized participants, including Jane Street Capital, Macquarie Capital, JPMorgan Securities, and Virtu Americas. However, the official filing indicated that more authorized participants could be added at any time at the company’s discretion.
Since its launch, the IBIT investment product has attracted over $14.4 billion in net inflows. Yesterday, it witnessed a net inflow of approximately $144 million, marking the highest single-day net inflow among other issuers.
Bitcoin’s current trading price is slightly below the $68,000 threshold, standing at $67,929. This reflects a modest increase of over 0.5% within the 24-hour period, based on data sourced from CoinMarketCap at the time of writing.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BlackRock’s #BitcoinETF💰💰💰
#BlackRock’s #Bitcoin holdings surpass MicroStrategy
40 days after Bitcoin spot ETF trading began, BlackRock's IBIT currently holds more Bitcoin than MicroStrategy.
#HalvingHorizons
40 days after Bitcoin spot ETF trading began, BlackRock's IBIT currently holds more Bitcoin than MicroStrategy.
#HalvingHorizons
#BlackRock’s increased the amount of #BTC on its balance sheet to 243,126,829 #Bitcoin for its spot #BitcoinETFs (up from 242,829 $BTC previously).🔥
#HotTrends
#HotTrends
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
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
WHY CRYPTO MARKET MANIPULATED..?
#BlackRock’s proposed Bitcoin Spot #ETFs is no longer listed on the Depository Trust and Clearing Corporation "DTCC" website.
The iShares Bitcoin "IBTC" Trust had previously been the first potential #ETF to list on the site.
Bloomberg analyst Eric Balchunas said that the listing was “notable” and showed BlackRock as “leading charge on these logistics (seeder, ticker, dtcc) that tend to happen just prior to launch.”
“Hard not to view this as them getting signal that approval is certain/imminent,” he added Monday.
The developments come amid a rally in the price of bitcoin that has been attributed, at least in part, to positive sentiment around US regulatory approval of a bitcoin ETF.
As well as,
The U.S. Securities and Exchange Commission (SEC) said a former BlackRock Advisors, LLC portfolio manager has agreed to pay a $250,000 penalty to resolve charges he failed to disclose a conflict of interest.
The #SEC said that Randy Robertson, the portfolio manager, did not properly disclose a relationship he had with a film distribution company in which the fund he managed for #BlackRock invested millions.
After this news, of listing $BTC in Spot ETF, all #CryptoMarket suddenly pumped on Monday very high in short time period approx. $7k-$8k of growth within 24 hrs., but after delisted it from DTCC websute, Bitcoin crashed out approx. $3k.
#Bitcoin’s ( $BTC ) price briefly crossed $35,000 plus, and as of writing time is trading around $33,600.
Always #DYOR before invest in Crypto, it's NFA 🙏✔️
#BlackRock’s proposed Bitcoin Spot #ETFs is no longer listed on the Depository Trust and Clearing Corporation "DTCC" website.
The iShares Bitcoin "IBTC" Trust had previously been the first potential #ETF to list on the site.
Bloomberg analyst Eric Balchunas said that the listing was “notable” and showed BlackRock as “leading charge on these logistics (seeder, ticker, dtcc) that tend to happen just prior to launch.”
“Hard not to view this as them getting signal that approval is certain/imminent,” he added Monday.
The developments come amid a rally in the price of bitcoin that has been attributed, at least in part, to positive sentiment around US regulatory approval of a bitcoin ETF.
As well as,
The U.S. Securities and Exchange Commission (SEC) said a former BlackRock Advisors, LLC portfolio manager has agreed to pay a $250,000 penalty to resolve charges he failed to disclose a conflict of interest.
The #SEC said that Randy Robertson, the portfolio manager, did not properly disclose a relationship he had with a film distribution company in which the fund he managed for #BlackRock invested millions.
After this news, of listing $BTC in Spot ETF, all #CryptoMarket suddenly pumped on Monday very high in short time period approx. $7k-$8k of growth within 24 hrs., but after delisted it from DTCC websute, Bitcoin crashed out approx. $3k.
#Bitcoin’s ( $BTC ) price briefly crossed $35,000 plus, and as of writing time is trading around $33,600.
Always #DYOR before invest in Crypto, it's NFA 🙏✔️
$BTC BITCOIN has reached $45k now start taking Small profits. Why?
Beacuse BTC is in Resistance area it can pullback & due to ETF news market is already hyped up so it can take a dump after the news like china crypto acceptance news. 😬
So start taking profits it is very necessary in trading but don't sell all your portfolio 😉. #BTC #etf #BinanceSquare #BlackRock’s #tothemoon
Beacuse BTC is in Resistance area it can pullback & due to ETF news market is already hyped up so it can take a dump after the news like china crypto acceptance news. 😬
So start taking profits it is very necessary in trading but don't sell all your portfolio 😉. #BTC #etf #BinanceSquare #BlackRock’s #tothemoon
#BlackRock’s spot #Bitcoin ETF becomes first in class to reach $1 billion in assets under management.
#BitcoinETFs #Crypto #Cryptocurrency
#BitcoinETFs #Crypto #Cryptocurrency
LIVEThe Chart Champ
--
Eth/usdt
Buy long 2030 to1990
Sell
2100
2140
2180
If you Hold 8 to 10 days Sell
2500 to 2600
Eth Blast Soon 💥💥💥
Reverse this word (margelet) Muntiii
#ETH #BTC #etf #BinanceBlockchainWeek #BNBecosystem
Buy long 2030 to1990
Sell
2100
2140
2180
If you Hold 8 to 10 days Sell
2500 to 2600
Eth Blast Soon 💥💥💥
Reverse this word (margelet) Muntiii
#ETH #BTC #etf #BinanceBlockchainWeek #BNBecosystem
Sell in May and go away around 48-52. 🤝
Last deadline for BlackRock spot Bitcoin ETF is March 15, 2024
Bitcoin halving is expected to happen on April 21, 2024, i.e. 5 weeks after ETF decision $BTC #BlackRock’s #etf
Last deadline for BlackRock spot Bitcoin ETF is March 15, 2024
Bitcoin halving is expected to happen on April 21, 2024, i.e. 5 weeks after ETF decision $BTC #BlackRock’s #etf
BREAKING NEWS 🚨🚨
Robinhood set to introduce #Bitcoin and cryptocurrency trading in the European Union and United Kingdom.🔥🚀
Robinhood's entry into the European and UK cryptocurrency markets will likely increase competition for existing players, such as Coinbase and Binance. It could also lead to increased adoption of cryptocurrency in these regions
#BTC Price; Now holding comfortably above $36170 resistance. No worry as long as price hold above $36170 for Targets $40,000-$43000-$48000. #Bitcoin $BTC #BinanceBlockchainWeek #CryptoEcosystems #ETH #BlackRock’s
Robinhood set to introduce #Bitcoin and cryptocurrency trading in the European Union and United Kingdom.🔥🚀
Robinhood's entry into the European and UK cryptocurrency markets will likely increase competition for existing players, such as Coinbase and Binance. It could also lead to increased adoption of cryptocurrency in these regions
#BTC Price; Now holding comfortably above $36170 resistance. No worry as long as price hold above $36170 for Targets $40,000-$43000-$48000. #Bitcoin $BTC #BinanceBlockchainWeek #CryptoEcosystems #ETH #BlackRock’s
Hedera's HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
Hedera announced on Tuesday that BlackRock's U.S. Treasury money market fund had been tokenized on its blockchain.
Hedera’s native $HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain.
On Tuesday, Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax. Hedera supporters on social media began claiming that BlackRock chose Hedera to tokenize its fund, although this wasn’t the case.
Archax CEO Graham Rodford said that “it was indeed an Archax choice to put [the fund] on Hedera,” in response to criticism about misleading marketing from Hedera.
BlackRock entered the real-world asset (RWA) tokenization sector last month when it launched its USD Institutional Digital Liquidity Fund on Ethereum.
The HBAR token is still up by 61% over the past 24 hours, but the 2% market depth remains relatively thin, with $900,000 in cumulative bids on the Binance and Upbit order books within 2% of the current price of 14 cents. The token has over $2.6 billion in trading volume over the past 24 hours, according to CoinMarketCap.
CoinGlass data shows that funding rates across all derivative exchanges are heavily negative, which means those holding short positions have to pay those holding long positions, indicating a bearish bias. The ratio of longs and shorts on Binance is currently 0.85.
The weighted short interest, coupled with a lack of liquidity, creates a landscape for a volatile trading period that could culminate in a return to parity or a short squeeze, with open interest having risen by 442% to $160 million in the past 24 hours.
Source: Coin Desk
#BlackRock’s #LatestNews $BTC $HBAR
Hedera announced on Tuesday that BlackRock's U.S. Treasury money market fund had been tokenized on its blockchain.
Hedera’s native $HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain.
On Tuesday, Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax. Hedera supporters on social media began claiming that BlackRock chose Hedera to tokenize its fund, although this wasn’t the case.
Archax CEO Graham Rodford said that “it was indeed an Archax choice to put [the fund] on Hedera,” in response to criticism about misleading marketing from Hedera.
BlackRock entered the real-world asset (RWA) tokenization sector last month when it launched its USD Institutional Digital Liquidity Fund on Ethereum.
The HBAR token is still up by 61% over the past 24 hours, but the 2% market depth remains relatively thin, with $900,000 in cumulative bids on the Binance and Upbit order books within 2% of the current price of 14 cents. The token has over $2.6 billion in trading volume over the past 24 hours, according to CoinMarketCap.
CoinGlass data shows that funding rates across all derivative exchanges are heavily negative, which means those holding short positions have to pay those holding long positions, indicating a bearish bias. The ratio of longs and shorts on Binance is currently 0.85.
The weighted short interest, coupled with a lack of liquidity, creates a landscape for a volatile trading period that could culminate in a return to parity or a short squeeze, with open interest having risen by 442% to $160 million in the past 24 hours.
Source: Coin Desk
#BlackRock’s #LatestNews $BTC $HBAR
