📌BlackRock has reportedly bought a staggering 11,500 Bitcoin from the available supply during the latest dip since the launch of its spot Bitcoin ETF.
📌This amount is significant, considering that only 900 BTC are issued daily. The purchase by BlackRock effectively represents about 13 days’ worth of #Bitcoin production being absorbed by a single player.
Approval would be a two-step process: The SEC has to greenlight the filings known as 19b-4s from the exchanges that outline the rule changes permitting the new class of funds to trade, and make the registration statements from the asset managers effective, before the funds can start trading.$BTC $ETH $BNB #BTC #etf #XAI #BONK #Launchpool
#BlackRock has $2 billion of capital lined up from existing bitcoin holders that want to rotate into spot bitcoin ETFs in week one.#BTC #ai #etf #XAI #tia $BTC $ETH $BNB
"A pattern is emerging. Other funds registered as securities already trading on the 𝗡𝗔𝗦𝗗𝗔𝗤 are amending their.
prospectuses that they can now expose 15-50% of their AUM to Bitcoin, through the Spot Bitcoin ETFs. Michael saylor called it.
Here we see Advisors Preferred Trust (Filer) CIK: 0001556505 can now hold 15% AUM in Spot Bitcoin 👀 through Grayscale $GBT.
"The Fund may invest up to 15% of its total assets to indirectly gain exposure to Bitcoin, through shares of Grayscale® Bitcoin Trust, ProShares Bitcoin Strategy ETF, and Bitcoin futures contracts."
I predictaed $1 quadrillion of Spot Bitcoin and crypto derivatives stacked up by 2030 - this is proof its about to begin 👀"#BTC #ai #etf #XAI #tia $BTC $ETH $BNB
#BTC #etf #ai #Sei #Launchpool $BTC $ETH $BNB Matrixport’s latest report released a rare view that the SEC will reject all #Bitcoin spot ETFs in January.
According to Foresight News, data from L2beat shows that the Total Value Locked (TVL) in the #Arbitrum One network has reached $10 billion for the first time, setting a new historical high. Over the past week, the increase was 10.50%. Currently, the total TVL for Ethereum Layer2 networks stands at $20.82 billion, with Arbitrum One accounting for 48.03% of the total.#BTC #etf #Sei #FIL #Launchpool $BTC $ETH $ARB
Asset management giant Fidelity joined others including #BlackRock and VanEck on Friday to submit amended forms to the Securities and Exchange Commission for their proposed spot #BitcoinETFs ahead of a deadline in early January for potential approval.
#BitWise to seed its Bitcoin ETF with $200m. That's 20x BlackRock's $10m cash seed for its own ETF.#BTC #etf #ETH #Launchpool #ai $BTC $ETH $BNB
📌Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)
📌FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India#NFP #BTC #Launchpool #ARB #ARB $ETH $ETH $BNB
📌Some customers' orders for Solana Saga phones have been canceled following an inventory mishap. Last week, the device saw a surge in demand after a 135% 24-hour jump in the price of the Solana-based memecoin bonk presented traders with an arbitrage opportunity.
📌The Saga phone comes with 30 million bonk tokens, among other incentives — something that became worth more than the device at recent prices. The firm’s limited inventory of 20,000 phones promptly sold out in the U.S. and EU. Solana Mobile said that all affected customers have been informed and will receive a refund in the coming days, apologizing for the inconvenience.#sol #NEAR #BTC #DOGE #BinanceWish $BTC $ETH $SOL