Leading asset management firm BlackRock announced receiving $100,000 seed funding for its proposed spot Bitcoin exchange-traded fund (ETF).
#ETFLAUNCH #ETFApprovalWatch #cryptocurreny #CryptoisBetter #CryptoNews🔒📰🚫

Bloomberg analyst predicts potential approval of BTC spot ETF by US SEC before 11/17, with a backup chance before January 10th 📈 #BitcoinWorld #ETFApprovalWatch

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

That's why $btc  is growing 🚀

Bloomberg #ETF analysts say that starting November 9, the SEC has an eight-day window to approve 12 #Bitcoin-BTC   ETFs
#ETFTrends #ETFApprovalWatch

BIG BREAKING 🚨

#BLACKROCK BITCOIN ETF APPROVAL LIKELY.

BlackRock representatives met with the SEC to discuss the possibility of listing a spot #Bitcoin    ETF
#blackrockinc #ETFApprovalWatch #Blast #opbnb

Fidelity Files 19b-4 untuk Spot Ethereum ETF, Bertujuan untuk Meningkatkan Perlindungan Investor di Ruang Kripto.

Fidelity Ethereum Fund bertujuan untuk diluncurkan sebagai ETF spot yang diatur di AS untuk mata uang kripto terbesar kedua berdasarkan kapitalisasi pasar. Pengajuan 19b-4 Fidelity mengatakan saat ini, opsi untuk eksposur ethereum investor AS terbatas pada dana ether over-the-counter (OTC) yang dikenakan biaya tinggi dan premi atau diskon yang mudah berubah.

Fidelity berpendapat bahwa persetujuan ETF spot akan mewakili kemenangan besar bagi perlindungan investor di ruang kripto dengan mengurangi risiko yang terkait dengan dana ether yang ada. Akun 19b-4 memiliki kemiripan dengan pengajuan terbaru Blackrock untuk ETF spot ether, dengan alasan serupa.

“Persetujuan spot ETH ETP akan mewakili kemenangan besar bagi perlindungan investor AS di ruang aset kripto,” kata pengajuan tersebut. “Trust, seperti semua rangkaian Trust Shares Berbasis Komoditas lainnya, dirancang untuk melindungi investor dari risiko kerugian melalui penipuan dan kebangkrutan yang timbul dengan memegang aset digital, termasuk ETH, pada platform terpusat.”

Mekanisme penetapan harga ETF yang diusulkan akan serupa dengan kontrak berjangka CME Ether dan memanfaatkan masukan harga dari bursa spot utama. Fidelity berpendapat bahwa hal ini harus memenuhi standar SEC yang mewajibkan perjanjian berbagi pengawasan dengan pasar teregulasi dengan ukuran signifikan. Pengajuan tersebut mengutip keputusan pengadilan baru-baru ini yang menetapkan pasar berjangka CME memenuhi standar ini untuk ETF bitcoin spot.

“Baik Exchange maupun CME adalah anggota ISG. Satu-satunya masalah yang tersisa yang harus ditangani adalah apakah pasar ETH Futures merupakan pasar dengan ukuran yang signifikan, yang diyakini oleh Bursa dan Sponsor,” demikian isi pengajuan tersebut.

#ETH #ETFApprovalWatch

2-week Window Opens for Potential Approval of Bitcoin Spot ETFs, Including BlackRock’s Application

According to Bloomberg analysts, the Securities and Exchange Commission (SEC) has a small window starting tomorrow to potentially approve 12 pending Bitcoin (BTC) exchange-traded fund (ETF) applications, including the BlackRock iShares Spot Bitcoin ETF and the conversion of the Grayscale Bitcoin Trust.

This possibility is supported by the SEC's deadline extension for ETF applications, which set November 8 as the deadline for rebuttal comments. It is speculated that the SEC could approve several ETFs between now and November 17, with a requirement that all funds begin trading on the same day.

However, approving a rule change to allow ETF trading is different from approving a fund's registration statement, and both must be authorized before any of the pending Bitcoin ETFs can begin trading.

Although the introduction of a Bitcoin ETF is still months away, the recent price increase in Bitcoin indicates investors' optimism.

According to analysts, a spot Bitcoin ETF might generate significant inflows ranging from $50 billion to $100 billion over the next five years. This inflow of institutional investment could have a substantial impact on the Bitcoin market dynamics.

Bitcoin (BTC) has rallied and surpassed the $36K level following the optimism over the spot ETF approvals. It is currently trading at $36,629 after gaining 3.56% in the past 24 hours.

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#ETFApprovalWatch
$SHIB $PEPE $BTC

▪️ SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing#btc #ETFTrends #ETFApprovalWatch #SECETFApproval

$ETH will take some test and rebound #ETH
#etf #ETFTrends #EthereumLeads #ETFApprovalWatch $ETH

🇨🇳 China's Financial Giant Harvest HK Files First-Ever #Bitcoin💰 Spot ETF Application in Hong Kong.

#Cryptocurrrency #ETFApprovalWatch #BTC🔥🔥 #BTC-ETF #BTCto40k