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#Bitcoin Whales Dump Over $2 Billion Worth of $BTC after Price Rose Over 30% in a Month.....!
Bitcoin has moved up 3.3% over the past week & in that period, which brought its year-to-date performance to 119%, large holders have dumped more than $2.2 billion worth of BTC on the market.
According to popular cryptocurrency analyst Ali Martinez, Bitcoin whales have been realizing their profits over the past week after redistributing around 60,000 $BTC worth around $2.22 billion, after a 30-day rise of 34.8% for the #Cryptocurrency.
This analysis was based on on-chain data from crypto analytics firm Santiment.
The price of $BTC has recently briefly dropped below the $36,000 mark after data from the US Department of Labor revealed that last month inflation pressures eased in the country, showing core consumer prices, which exclude food & energy, dropped to the lowest level in two years and cast doubt on the Fed's plans to raise interest rates soon.
The Labor Department reported that the overall consumer price index for October was 3.2%, much lower than the 3.7% recorded in September and below the market expectation of 3.3%. Compared to the previous month, inflation was flat in Oct., down from 0.4% in Sept. & 0.6% in Aug.
Core inflation, which is a more stable measure of price changes, slowed to 4.0%, the weakest since 2021, while the monthly increase of 0.2% was also in line with analysts’ forecasts. Reacting to the numbers the S&P 500, the stock market’s benchmark index, rose significantly.
Not all whales are selling, however. As a massive BTC whale has amassed over $500 million worth of the flagship cryptocurrency since the beginning of the year, and their DCA strategy has seemingly been working as their unrealized profit now exceeds $126 million.
Data from Bitinfocharts revealed that this whale’s wallet, empty until Jan. 17 (coinciding with the BTC surge past $20,000), started filling rapidly. By early March, the whale had acquired almost 4,000 BTC, and following #BlackRock’s Spot Bitcoin #ETF filing, they more than doubled their holdings.
#DYOR
Bitcoin has moved up 3.3% over the past week & in that period, which brought its year-to-date performance to 119%, large holders have dumped more than $2.2 billion worth of BTC on the market.
According to popular cryptocurrency analyst Ali Martinez, Bitcoin whales have been realizing their profits over the past week after redistributing around 60,000 $BTC worth around $2.22 billion, after a 30-day rise of 34.8% for the #Cryptocurrency.
This analysis was based on on-chain data from crypto analytics firm Santiment.
The price of $BTC has recently briefly dropped below the $36,000 mark after data from the US Department of Labor revealed that last month inflation pressures eased in the country, showing core consumer prices, which exclude food & energy, dropped to the lowest level in two years and cast doubt on the Fed's plans to raise interest rates soon.
The Labor Department reported that the overall consumer price index for October was 3.2%, much lower than the 3.7% recorded in September and below the market expectation of 3.3%. Compared to the previous month, inflation was flat in Oct., down from 0.4% in Sept. & 0.6% in Aug.
Core inflation, which is a more stable measure of price changes, slowed to 4.0%, the weakest since 2021, while the monthly increase of 0.2% was also in line with analysts’ forecasts. Reacting to the numbers the S&P 500, the stock market’s benchmark index, rose significantly.
Not all whales are selling, however. As a massive BTC whale has amassed over $500 million worth of the flagship cryptocurrency since the beginning of the year, and their DCA strategy has seemingly been working as their unrealized profit now exceeds $126 million.
Data from Bitinfocharts revealed that this whale’s wallet, empty until Jan. 17 (coinciding with the BTC surge past $20,000), started filling rapidly. By early March, the whale had acquired almost 4,000 BTC, and following #BlackRock’s Spot Bitcoin #ETF filing, they more than doubled their holdings.
#DYOR
$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
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 .
LIVEMuntiii
--
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
#BlackRock’s spot #Bitcoin ETF becomes first in class to reach $1 billion in assets under management.
#BitcoinETFs #Crypto #Cryptocurrency
#BitcoinETFs #Crypto #Cryptocurrency
The Long-Term Effects of Blackrock's Bitcoin ETF Seeding.
$10 million is invested by Blackrock in the Spot Bitcoin ETF.
The massive global asset management company Blackrock devised a plan to invest a sizeable $10 million in a Bitcoin Exchange-Traded Fund (ETF) that would go live on January 3, 2024. After lengthy discussions with the U.S. Securities and Exchange Commission (SEC), this action represents a substantial change in strategy and might lead to a breakthrough in the realm of bitcoin investment products.
The Strategic Transition of Blackrock From the In-Kind to the Cash Model
After many discussions with the SEC, Blackrock changed course and pursued permission for an in-kind approach for their spot Bitcoin ETF. Blackrock made a big shift from its original plan and adopted the cash creation approach, even though it tried to persuade the SEC with an updated in-kind concept. The S-1 filing revision draws attention in the investing community by highlighting the change in strategy.
The upcoming $10 million seeding of Blackrock's Bitcoin ETF, regulatory actions, and tactical move are significant turning points in the way cryptocurrencies and traditional finance are interacting.
The financial environment is about to change due to upcoming SEC rulings and market reactions, which will also have an impact on how cryptocurrencies are adopted and integrated into institutional frameworks in the future.
#BlackRock’s #BlackRockCrypto #BTC #btcnews99 #BTC!💰
$10 million is invested by Blackrock in the Spot Bitcoin ETF.
The massive global asset management company Blackrock devised a plan to invest a sizeable $10 million in a Bitcoin Exchange-Traded Fund (ETF) that would go live on January 3, 2024. After lengthy discussions with the U.S. Securities and Exchange Commission (SEC), this action represents a substantial change in strategy and might lead to a breakthrough in the realm of bitcoin investment products.
The Strategic Transition of Blackrock From the In-Kind to the Cash Model
After many discussions with the SEC, Blackrock changed course and pursued permission for an in-kind approach for their spot Bitcoin ETF. Blackrock made a big shift from its original plan and adopted the cash creation approach, even though it tried to persuade the SEC with an updated in-kind concept. The S-1 filing revision draws attention in the investing community by highlighting the change in strategy.
The upcoming $10 million seeding of Blackrock's Bitcoin ETF, regulatory actions, and tactical move are significant turning points in the way cryptocurrencies and traditional finance are interacting.
The financial environment is about to change due to upcoming SEC rulings and market reactions, which will also have an impact on how cryptocurrencies are adopted and integrated into institutional frameworks in the future.
#BlackRock’s #BlackRockCrypto #BTC #btcnews99 #BTC!💰
Only a few will understand...
The #BlackRock’s #BitcoinSpotETF has a 1:1 backing with real $BTC
#BlackRock currently owns 11,500 #BTC
This is just the beginning...
The #BlackRock’s #BitcoinSpotETF has a 1:1 backing with real $BTC
#BlackRock currently owns 11,500 #BTC
This is just the beginning...
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
#BlackRock’s spot #BitcoinETFs! surpasses $10B in AUM, faster than any other to date BlackRock’s spot Bitcoin ETF has exceeded $10billion in assets under management, making it the fastest to reach this milestone compared to others.
#TrendingTopic #BTC #Bitcoin $BTC
#TrendingTopic #BTC #Bitcoin $BTC
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 🙏✔️
BlackRock Invests in 4 Meme Coins: DETF- RIO- USH and SHI
BlackRock and Securitize recently introduced the USD Institutional Digital Liquidity Fund (BUIDL), a new investment option targeting qualified investors. The fund utilizes blockchain technology to offer opportunities for earning US dollar yields.
Its launch attracted attention when a substantial $100 million transaction, involving the USDC stablecoin, was completed on the Ethereum network. This transaction led to increased activity in BlackRock’s Ethereum address, with a surge in meme coins and NFTs.
BlackRock Ventures into Blockchain with BUIDL
BlackRock, a major player in the investment industry, has introduced BUIDL, a platform designed to offer qualified investors opportunities to earn returns on their US dollars using blockchain technology. This move represents a significant departure from traditional investment methods and signals BlackRock’s commitment to embracing innovation in the financial sector.
Robert Mitchnick, Head of Digital Assets at BlackRock, emphasized the strategic importance of this venture, stating, “This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients.”
The launch of BUIDL gained attention due to a substantial transaction involving $100 million in USDC, a stablecoin, on the Ethereum network. This transaction is believed to have laid the financial foundation for BUIDL, highlighting the firm’s dedication to exploring new opportunities in the cryptocurrency market.
BlackRock’s BUIDL Fund Attracts Meme Coins and NFTs
The crypto community quickly responded to BlackRock’s BUIDL initiative, particularly focusing on the fund’s Ethereum wallet, identified by its address 0x13e003a57432062e4EdA204F687bE80139AD622f. This wallet became a hub for various meme coins and NFT airdrops, drawing significant attention from enthusiasts.
BlackRock Crypto Holdings.
DETF Token (DETF): This token consists of 250,000 units valued at approximately $15,385.66.Realio Network (RIO): Comprising 10,000 tokens, RIO has an estimated worth of around $13,800.10.unshETHing_Token (USH): This token totals 500,000 units, with an estimated value of $12,749.20.Shina Inu (SHI): With a substantial quantity of 9,197,214,541 tokens, SHI is valued at $9,165.50.
⚠️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
Its launch attracted attention when a substantial $100 million transaction, involving the USDC stablecoin, was completed on the Ethereum network. This transaction led to increased activity in BlackRock’s Ethereum address, with a surge in meme coins and NFTs.
BlackRock Ventures into Blockchain with BUIDL
BlackRock, a major player in the investment industry, has introduced BUIDL, a platform designed to offer qualified investors opportunities to earn returns on their US dollars using blockchain technology. This move represents a significant departure from traditional investment methods and signals BlackRock’s commitment to embracing innovation in the financial sector.
Robert Mitchnick, Head of Digital Assets at BlackRock, emphasized the strategic importance of this venture, stating, “This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients.”
The launch of BUIDL gained attention due to a substantial transaction involving $100 million in USDC, a stablecoin, on the Ethereum network. This transaction is believed to have laid the financial foundation for BUIDL, highlighting the firm’s dedication to exploring new opportunities in the cryptocurrency market.
BlackRock’s BUIDL Fund Attracts Meme Coins and NFTs
The crypto community quickly responded to BlackRock’s BUIDL initiative, particularly focusing on the fund’s Ethereum wallet, identified by its address 0x13e003a57432062e4EdA204F687bE80139AD622f. This wallet became a hub for various meme coins and NFT airdrops, drawing significant attention from enthusiasts.
BlackRock Crypto Holdings.
DETF Token (DETF): This token consists of 250,000 units valued at approximately $15,385.66.Realio Network (RIO): Comprising 10,000 tokens, RIO has an estimated worth of around $13,800.10.unshETHing_Token (USH): This token totals 500,000 units, with an estimated value of $12,749.20.Shina Inu (SHI): With a substantial quantity of 9,197,214,541 tokens, SHI is valued at $9,165.50.
⚠️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
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
TOP coins to invest
🥳Where is the money?
СTVL - current financial flows in blockchains (where there is the most money).
#BITCOIN still hodling above the support zone and kept on rejecting it. Daily TF Market Structure still running bearish at this point, while LTF, kept on turning it into bullish. Moreover, price keep on building the liquidity below the support, which market gonna swept Sonner. Its better to wait for the price, to develop more, until then shoring would be a good option, in case of break and close below. #BlackRock’s #BTC-ETF. #BlackRockCrypto #TradeNTell
🥳Where is the money?
СTVL - current financial flows in blockchains (where there is the most money).
#BITCOIN still hodling above the support zone and kept on rejecting it. Daily TF Market Structure still running bearish at this point, while LTF, kept on turning it into bullish. Moreover, price keep on building the liquidity below the support, which market gonna swept Sonner. Its better to wait for the price, to develop more, until then shoring would be a good option, in case of break and close below. #BlackRock’s #BTC-ETF. #BlackRockCrypto #TradeNTell
Representatives from #BlackRock’s ( BLK), #NASDAQ , and the Securities and Exchange Commission (#SEC ) met for the second time in a month to discuss rule changes that are necessary to list the #Bitcoin ($BTC ) Exchange Traded Funds (#ETF 's), according to published memo.
NASDAQ Rule 5711(d) establishes specific criteria and regulatory guidelines for the listing and trading of Commodity - Based Trust Shares on the NASDAQ Exchange, and detailing the requirements for initial and continued listing, along with surveillance and compliance measures to ensure market integrity and protection against fraudulent activities.
NASDAQ Rule 5711(d) establishes specific criteria and regulatory guidelines for the listing and trading of Commodity - Based Trust Shares on the NASDAQ Exchange, and detailing the requirements for initial and continued listing, along with surveillance and compliance measures to ensure market integrity and protection against fraudulent activities.
#BlackRock’s #IBIT Becomes Largest $BTC Fund Overtaking #Grayscale
The BlackRock Bitcoin #ETF IBIT is officially the largest Bitcoin fund with nearly $20 billion in #AUM. BTC price saw an upside move gaining 1% and moving closer to $69,000.
#HIGHLIGHTS
The total AUM for BlackRock's IBIT has now surged past $19.79 billion.
On Tuesday, Grayscale's GBTC shedded 1500 BTC from its holdings while BlackRock added the same quantity.
BlackRock increases its IBIT share exposure to other two funds.
The BlackRock Bitcoin #ETF IBIT is officially the largest Bitcoin fund with nearly $20 billion in #AUM. BTC price saw an upside move gaining 1% and moving closer to $69,000.
#HIGHLIGHTS
The total AUM for BlackRock's IBIT has now surged past $19.79 billion.
On Tuesday, Grayscale's GBTC shedded 1500 BTC from its holdings while BlackRock added the same quantity.
BlackRock increases its IBIT share exposure to other two funds.
Crypto.news recently reported that Direxion has filed for a Bitcoin and Ether Exchange-Traded Fund (#ETF ). This filing shows that the company wants to achieve their investment goal by trading crypto futures contracts on the Chicago Mercantile Exchange (CME).
Direxion is not the only one to apply for futures ETFs. BlackRock, Valkyrie, and others have launched futures ETFs. However, the US Securities and Exchange Commission (#SEC ) has not approved ETF applications for years.
After BlackRock’s successful filing, other firms have been encouraged to follow the same path. Forbes has attributed #BlackRock’s success to addressing some concerns the SEC cited before rejecting other past applications.
Direxion is not the only one to apply for futures ETFs. BlackRock, Valkyrie, and others have launched futures ETFs. However, the US Securities and Exchange Commission (#SEC ) has not approved ETF applications for years.
After BlackRock’s successful filing, other firms have been encouraged to follow the same path. Forbes has attributed #BlackRock’s success to addressing some concerns the SEC cited before rejecting other past applications.
#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
