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Bitcoin - a lifeline in the ocean of US government debt
The US national debt has reached an astronomical $35 trillion. In addition, the US Federal Reserve has cut interest rates by 50 basis points at once. This is the first rate cut since the pandemic.
Now here's the million-dollar questionâ$35 trillion, to be exact: Is the U.S. dollar really "on the brink of total collapse"? And could Bitcoin be that lifeline?
Now here's the million-dollar questionâ$35 trillion, to be exact: Is the U.S. dollar really "on the brink of total collapse"? And could Bitcoin be that lifeline?
#Bitcoin⏠ETF's received a whopping $2.2 billion in just one week, indicating a growing interest in crypto as an investment option.
#BlackRock's IBIT was the top performer, attracting over $1.6 billion, followed by Fidelity's FBTC and Ark Invest's BTCO. The surge in investments set a record for the most money brought into any exchange-traded product in the U.S. during that period.
#Write2Earn #ETFApproval2024 #The_Bitcoinbull
#BlackRock's IBIT was the top performer, attracting over $1.6 billion, followed by Fidelity's FBTC and Ark Invest's BTCO. The surge in investments set a record for the most money brought into any exchange-traded product in the U.S. during that period.
#Write2Earn #ETFApproval2024 #The_Bitcoinbull
Wall Street is knocking; please open the door.
Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.
In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.
The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.
Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.
In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.
The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.
The #SEC officially acknowledges #BlackRock's application for a spot Bitcoin ETF.đŠŸ
This could be a major step forward for the institutional adoption of BitcoinâŻâŻâŻ.đ„
This could be a major step forward for the institutional adoption of BitcoinâŻâŻâŻ.đ„
#BlackRock did not purchase the digital currency #XRP
_Recently, rumors have emerged that #BlackRock , a leading asset manager worth over $9 trillion, is considering redirecting its cryptocurrency strategy from Bitcoin to XRP. But upon verification, it seems that this information is not supported by any reliable evidence. The origin of the rumor appears to have come from a tweet by a fake WallStreetBulls account, and was exacerbated by an article on Investing.com, without citing any reliable sources. This news quickly circulated within the XRP community without verifying its authenticity. While some crypto community activists, like Mason Versluis, have called for accuracy and avoidance of spreading rumors, the reality remains that there is no evidence of #BlackRock's shift towards #XRP .
$XRP
Follow us to see more news and details about digital currencies đđ
_Recently, rumors have emerged that #BlackRock , a leading asset manager worth over $9 trillion, is considering redirecting its cryptocurrency strategy from Bitcoin to XRP. But upon verification, it seems that this information is not supported by any reliable evidence. The origin of the rumor appears to have come from a tweet by a fake WallStreetBulls account, and was exacerbated by an article on Investing.com, without citing any reliable sources. This news quickly circulated within the XRP community without verifying its authenticity. While some crypto community activists, like Mason Versluis, have called for accuracy and avoidance of spreading rumors, the reality remains that there is no evidence of #BlackRock's shift towards #XRP .
$XRP
Follow us to see more news and details about digital currencies đđ
đŒ #BlackRock's Bitcoin Holdings Surpass $1.6 Billion!
In a remarkable move, BlackRock has bolstered its position in the crypto space, now boasting Bitcoin holdings exceeding $1.6 billion. The financial giant's strategic embrace of Bitcoin reinforces the cryptocurrency's growing acceptance among institutional investors. đđ° #CryptoNews #BitcoinInvestment
In a remarkable move, BlackRock has bolstered its position in the crypto space, now boasting Bitcoin holdings exceeding $1.6 billion. The financial giant's strategic embrace of Bitcoin reinforces the cryptocurrency's growing acceptance among institutional investors. đđ° #CryptoNews #BitcoinInvestment
On June 3, spot #Bitcoin ETFs received $105 million in investments. Fidelity's Bitcoin ETF gained $77 million in net investments. Meanwhile, #BlackRock's Bitcoin ETF also saw an increase in investments, but the exact amount is not specified
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Author and analyst #Marcel Pechman examines some data in the most recent episode of The Market Report to determine whether #bitcoin will ever trade at $27,000. Some experts credit #BlackRock's spot Bitcoin exchange-traded fund (#ETF ) filing for Bitcoin's most recent 21.5% increases, but other circumstances may also have contributed to the #cryptocurrency gains.
đșđž #BlackRock's two funds have disclosed exposure to their own #BitcoinETF in the #SEC filings.
It's just getting started đ
It's just getting started đ
Although industry bulls may appreciate #BlackRock's entry into the market for crypto-related exchange traded products, it could cause problems for one of the biggest market participants.
A number of asset management companies are eager to launch a spot-based product on the market, including the business, which last week filed a filing with the U.S. Securities and Exchange Commission for a new trust linked to the biggest #cryptocurrency. Another is #Grayscale, which has long provided a variety of trust goods.
The products offered by Grayscale trade over-the-counter and may not always mirror the price of the underlying asset, unlike #ETFs, which are traded on a national securities exchange. Even so, it has been able to charge #traders a sizable fee.
A number of asset management companies are eager to launch a spot-based product on the market, including the business, which last week filed a filing with the U.S. Securities and Exchange Commission for a new trust linked to the biggest #cryptocurrency. Another is #Grayscale, which has long provided a variety of trust goods.
The products offered by Grayscale trade over-the-counter and may not always mirror the price of the underlying asset, unlike #ETFs, which are traded on a national securities exchange. Even so, it has been able to charge #traders a sizable fee.
#BlackRock's spot #bitcoin ETF filing names Coinbase as âsurveillance-sharingâ partner
The application included a Nasdaq-Coinbase agreement âintended to supplement the exchangeâs market surveillance programâ following the SEC reportedly saying the filing was unclear.
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The application included a Nasdaq-Coinbase agreement âintended to supplement the exchangeâs market surveillance programâ following the SEC reportedly saying the filing was unclear.
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LIVEcrypto_MOJ news
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BlackRock spot Bitcoin ETF filing names Coinbase as âsurveillance-sharingâ partner
The application included a Nasdaq-Coinbase agreement âintended to supplement the exchangeâs market surveillance programâ following the SEC reportedly saying the filing was unclear.
The most recent filing involving asset manager BlackRockâs attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a âsurveillance-sharing agreementâ with cryptocurrency exchange #Coinbase.
According to a June 29 filing with the United States Securities and Exchange Commission (SEC), the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of BlackRockâs Bitcoin
BTC
tickers down
$31,136
#ETF. . The filing included details of a June 8 agreement between the Nasdaq and Coinbase âintended to supplement the exchangeâs market surveillance programâ and provide access to data on spot BTC trades.The release of the SEC filing followed ARK Investment Management amending its spot BTC ETF application to include a surveillance-sharing agreement with the Chicago Board Options Exchange (Cboe) and an unnamed U.S.-based crypto exchange. Some speculated at the time the agreement was with Coinbase, which would seemingly put it in conflict with BlackRockâs ETF application.The SEC reportedly said on June 30 that crypto ETF filings with the Nasdaq and the Cboe were not âsufficiently clear and comprehensive,â suggesting that the applicants include additional information on surveillance arrangements. BlackRock first applied for the spot BTC ETF on June 15.
At the time of publication, the U.S. securities regulator had not approved any spot ETF linked to crypto investments despite numerous applications from market participants. Following the denial of its spot Bitcoin ETF in June 2022, Grayscale Investments filed a lawsuit against the SEC, alleging the regulator had failed âto apply consistent treatment to similar investment vehicles.â
The most recent filing involving asset manager BlackRockâs attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a âsurveillance-sharing agreementâ with cryptocurrency exchange #Coinbase.
According to a June 29 filing with the United States Securities and Exchange Commission (SEC), the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of BlackRockâs Bitcoin
BTC
tickers down
$31,136
#ETF. . The filing included details of a June 8 agreement between the Nasdaq and Coinbase âintended to supplement the exchangeâs market surveillance programâ and provide access to data on spot BTC trades.The release of the SEC filing followed ARK Investment Management amending its spot BTC ETF application to include a surveillance-sharing agreement with the Chicago Board Options Exchange (Cboe) and an unnamed U.S.-based crypto exchange. Some speculated at the time the agreement was with Coinbase, which would seemingly put it in conflict with BlackRockâs ETF application.The SEC reportedly said on June 30 that crypto ETF filings with the Nasdaq and the Cboe were not âsufficiently clear and comprehensive,â suggesting that the applicants include additional information on surveillance arrangements. BlackRock first applied for the spot BTC ETF on June 15.
At the time of publication, the U.S. securities regulator had not approved any spot ETF linked to crypto investments despite numerous applications from market participants. Following the denial of its spot Bitcoin ETF in June 2022, Grayscale Investments filed a lawsuit against the SEC, alleging the regulator had failed âto apply consistent treatment to similar investment vehicles.â
đ Nine new spot #BitcoinETFs now hold more than 100,000 BTC (over $4 billion) in assets under management, excluding Grayscale's converted $GBTC fund.
#BlackRock's $IBIT leads with 40,213 $BTC and #Fidelity $FBTC follows with 34,152 BTC.
#BlackRock's $IBIT leads with 40,213 $BTC and #Fidelity $FBTC follows with 34,152 BTC.
đš BREAKING NEWS: #SEC's Statement on #BlackRock's #BTC ETF slated for January 10th! đ°
#CryptoNews #ETF
#CryptoNews #ETF