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BTC Dev Wants to ‘Fix’ Ordinal Inscription ‘Exploit,’ Blackrock Updates ETF Filing, and More — Week in Review
10.12.2023
BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being...
Blackrock’s Spot Bitcoin ETF Filing Update Addresses Potential Classification of BTC as a Security by SEC
7.12.2023
Blackrock, the world’s largest asset manager, has warned in its latest spot bitcoin exchange-traded fund (ETF) filing update of the potential for bitcoin to be classified as a security by the U.S. Securities and Exchange Commission (SEC), state regulators, or court rulings. “If...
Blackrock and Bitwise Update Their Spot Bitcoin ETF Filings Amid SEC Approval Hype
6.12.2023
Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications....
Trillion-Dollar Asset Manager Franklin Templeton: There’s Obviously Demand for Bitcoin
5.12.2023
The CEO of Franklin Templeton, a $1.33 trillion asset manager, says there’s “obviously” a demand for bitcoin, noting that a spot bitcoin exchange-traded fund (ETF) is “a better way” to access the cryptocurrency. The executive added: “It’s going to unlock nontraditional, noncorrelated...
Asset Manager Abrdn, Crypto Exchange Archax Strive for Pole Position in Race to Tokenize TradFi
4.12.2023
Having created trading pairs on Archax between bitcoin and tokens showing ownership of an abrdn money-market fund, the firms talk for the first time about using this institutional-grade token as collateral elsewhere
Grayscale Positions Itself for Bitcoin ETF Race with Hire of Former Invesco Head John Hoffman
1.12.2023
Source: Ascannio / Adobe Stock. Crypto asset manager Grayscale has appointed John Hoffman, former Head of Americas at Invesco, to lead its distribution and partnerships team. On December 1, Grayscale announced the hiring of John, who has experience with ETFs and index strategies at Invesco....
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms
30.11.2023
Source: Adobe / Ascannio Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has proposed amendments to the trust’s agreement in preparation for a potential uplisting to a spot Bitcoin (BTC) exchange-traded fund (ETF). The move aims to align GBTC’s structure with other...
BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns
29.11.2023
BlackRock Office BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States. Based on publicly released notes from the meeting, the asset manager has modified...
BIS General Manager Agustin Carstens Touts Tokenization as Part of the Future Financial System
25.11.2023
Agustin Carstens, general manager of the Bank for International Settlements (BIS), has discussed tokenization’s significance in modernizing the current siloed financial system. Carstens stated that only through tokenization can the world move to a more interconnected and programmable...
Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report
25.11.2023
Blackrock, the world’s largest asset manager, has reportedly pushed for using the in-kind creation method for its bitcoin exchange-traded fund (ETF), diverging from the cash creation model favored by the U.S. Securities and Exchange Commission (SEC). According to reports, Blackrock and other spot...
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...
Coinbase Becomes Custodian for WisdomTree’s Bitcoin ETF, Aiming for SEC Approval
20.11.2023
Source: Adobe / prima91 Crypto exchange Coinbase (COIN) will be the official custodian for WisdomTree’s spot Bitcoin ETF, according to the asset manager’s recently amended S-1 filing. “Coinbase Custody Trust Company LLC is the custodian of the Trust with respect to the Trust’s bitcoin holdings,”...
Fidelity Files 19b-4 for Spot Ethereum ETF, Aiming to Boost Investor Protection in Crypto Space
18.11.2023
The asset manager Fidelity has filed a 19b-4 with the Securities and Exchange Commission (SEC) to list a spot ethereum exchange-traded fund (ETF) on the Cboe BZX Exchange. The proposed ETF would hold physical ethereum (ETH) tokens and seek to track the Fidelity Ethereum Index, providing exposure...
Fund Manager WisdomTree Reportedly Refiles Spot Bitcoin ETF to SEC
17.11.2023
Source: Pixabay / Markus Winkler Asset manager WisdomTree is attempting to resubmit a spot Bitcoin (BTC) exchange-traded fund (ETF) despite previous rejections. The company filed an amendment with the US Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst James Seyffart....
BlackRock Files Spot Ether ETF Application
16.11.2023
The world’s largest asset manager, BlackRock, formally filed an application for a spot Ethereum exchange-traded fund on Wednesday, November 15th. A 2% increase Filing an S-1 form with the United States Securities and Exchange Commission (SEC), BlackRock has labeled the exchange-traded fund iShares...
Blackrock Officially Submits Ethereum ETF Proposal to US Securities Regulator
16.11.2023
Blackrock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the U.S. Securities and Exchange Commission (SEC). This move is to introduce a spot ethereum exchange-traded fund (ETF) on Nasdaq. This development comes on...
Ark Invest CEO Cathie Wood Sees Crypto Market Exploding to $25 Trillion in 2030
16.11.2023
Ark Invest CEO Cathie Wood says the crypto ecosystem will be dominated by bitcoin and ether and will scale from about $1 trillion today to $25 trillion in 2030. “The regulatory breakthrough is very important to bring institutions online,” said the asset manager, emphasizing that...
Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum ETFs
14.11.2023
The world’s largest asset manager, Blackrock, has outlined why the U.S. Securities and Exchange Commission (SEC) “must” approve spot Ethereum exchange-traded funds (ETFs). Nasdaq, which has filed with the SEC to list and trade shares of Blackrock’s spot ether...
Blackrock Confirms News of XRP ETF Filing Is Fake
13.11.2023
Rumors circulated on Monday that Blackrock, the world’s largest asset manager, has registered to launch an XRP exchange-traded fund (ETF), following its registration of a spot ether ETF. However, Blackrock quickly denied the rumor, confirming that it has not filed to launch an...