BlackRock
Bitcoin’s ETF: Volatile Surge, Conflicting Reports, and $100 Million Liquidations
On Monday, the cryptocurrency market experienced significant turbulence as Bitcoin surged before relinquishing most of its gains. The volatility was triggered by conflicting reports regarding approving a Bitcoin exchange-traded fund (ETF) filed by major asset manager BlackRock. The Rollercoaster Ride of Bitcoin’s Price Bitcoin, known for its price swings, initially rose by 10% to $29,900, […]
JPMorgan’s Tokenization Platform Welcomes BlackRock: Report
JPMorgan, a prominent U.S. banking giant, recently introduced its blockchain-based tokenization application called the Tokenized Collateral Network (TCN), as reported by Bloomberg on October 11. The Tokenized Collateral Network enables the conversion of traditional assets into digital assets. It also makes way for faster and more secure on-chain settlements. Notably, TCN completed its first trade […]
BlackRock Bitcoin ETF to Boost Crypto Market: ARCA CIO
A potential BlackRock Bitcoin ETF is the subject of speculation in a new CNBC report. It suggests that if approved by the SEC, this ETF has the potential to become the most dominant in the market. More than ten financial giants are considering filing to launch a Bitcoin ETF. However, an analyst, suggests that BlackRock’s […]
16 Bitcoin Mining Firms Lost $4.47 Billion In A Year
Data from CompaniesMarketCap shows that 16 publicly traded Bitcoin mining firms have experienced a loss of over $4.47 billion in the last 12 months (TTM). The Bitcoin mining industry faces many hurdles as BTC continues to experience a bear market. The leading cryptocurrency has seen its value fall from a one-time high of $69,000 to […]
Bitcoin ETFs: Who Will Win The Race To Launch The First One?
Bitcoin, the largest cryptocurrency in the world based on market capitalization, has attracted significant interest from financial institutions. These institutions are now preparing to introduce exchange-traded funds (ETFs) that track and reflect its value. ETF analyst James Seyffart tweeted several significant dates regarding the race for approval. These include deadlines for ARK 21Shares Bitcoin ETF, […]
Spot Bitcoin ETF Wave: Grayscale CEO Sees Validation Enduring Strength
Grayscale Investments CEO Michael Sonnenshein has hailed the recent wave of spot Bitcoin exchange-traded fund (ETF) filings as a crucial moment of validation for the cryptocurrency. In an interview on CNBC’s Last Call on July 12, Sonnenshein dismissed any notions that BlackRock’s entry into the Bitcoin ETF race would diminish its appeal, emphasizing that it […]