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Bitcoin - a lifeline in the ocean of US government debt
The US national debt has reached an astronomical $35 trillion. In addition, the US Federal Reserve has cut interest rates by 50 basis points at once. This is the first rate cut since the pandemic.
Now here's the million-dollar questionâ$35 trillion, to be exact: Is the U.S. dollar really "on the brink of total collapse"? And could Bitcoin be that lifeline?
Now here's the million-dollar questionâ$35 trillion, to be exact: Is the U.S. dollar really "on the brink of total collapse"? And could Bitcoin be that lifeline?
#BlackRock did not purchase the digital currency #XRP
_Recently, rumors have emerged that #BlackRock , a leading asset manager worth over $9 trillion, is considering redirecting its cryptocurrency strategy from Bitcoin to XRP. But upon verification, it seems that this information is not supported by any reliable evidence. The origin of the rumor appears to have come from a tweet by a fake WallStreetBulls account, and was exacerbated by an article on Investing.com, without citing any reliable sources. This news quickly circulated within the XRP community without verifying its authenticity. While some crypto community activists, like Mason Versluis, have called for accuracy and avoidance of spreading rumors, the reality remains that there is no evidence of #BlackRock's shift towards #XRP .
$XRP
Follow us to see more news and details about digital currencies đđ
_Recently, rumors have emerged that #BlackRock , a leading asset manager worth over $9 trillion, is considering redirecting its cryptocurrency strategy from Bitcoin to XRP. But upon verification, it seems that this information is not supported by any reliable evidence. The origin of the rumor appears to have come from a tweet by a fake WallStreetBulls account, and was exacerbated by an article on Investing.com, without citing any reliable sources. This news quickly circulated within the XRP community without verifying its authenticity. While some crypto community activists, like Mason Versluis, have called for accuracy and avoidance of spreading rumors, the reality remains that there is no evidence of #BlackRock's shift towards #XRP .
$XRP
Follow us to see more news and details about digital currencies đđ
Wall Street is knocking; please open the door.
Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.
In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.
The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.
Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.
In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.
The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.
Author and analyst #Marcel Pechman examines some data in the most recent episode of The Market Report to determine whether #bitcoin will ever trade at $27,000. Some experts credit #BlackRock's spot Bitcoin exchange-traded fund (#ETF ) filing for Bitcoin's most recent 21.5% increases, but other circumstances may also have contributed to the #cryptocurrency gains.
On June 3, spot #Bitcoin ETFs received $105 million in investments. Fidelity's Bitcoin ETF gained $77 million in net investments. Meanwhile, #BlackRock's Bitcoin ETF also saw an increase in investments, but the exact amount is not specified
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#Cryptocurrency, in the opinion of BlackRock CEO Larry Fink, is a worldwide asset that can outperform any global currency.
Fink noted that he was not allowed to discuss #Bitcoin in particular because of #BlackRock's spot ETF registration.
Fink discussed how the introduction of gold ETFs altered the gold investment landscape in an interview with #CNBC on Friday.
Fink noted that he was not allowed to discuss #Bitcoin in particular because of #BlackRock's spot ETF registration.
Fink discussed how the introduction of gold ETFs altered the gold investment landscape in an interview with #CNBC on Friday.
đ Nine new spot #BitcoinETFs now hold more than 100,000 BTC (over $4 billion) in assets under management, excluding Grayscale's converted $GBTC fund.
#BlackRock's $IBIT leads with 40,213 $BTC and #Fidelity $FBTC follows with 34,152 BTC.
#BlackRock's $IBIT leads with 40,213 $BTC and #Fidelity $FBTC follows with 34,152 BTC.
The #SEC officially acknowledges #BlackRock's application for a spot Bitcoin ETF.đŠŸ
This could be a major step forward for the institutional adoption of BitcoinâŻâŻâŻ.đ„
This could be a major step forward for the institutional adoption of BitcoinâŻâŻâŻ.đ„
BREAKING: Within 72 days the first #BitcoinâŻâŻâŻ Spot ETF will be launched.
In exactly 72 days, the final deadline for Ark Invest's Bitcoin Spot ETF will arrive.
The reality is, that the SEC cannot reject Ark's ETF and then approve BlackRock's Spot ETF.
Therefore, we can anticipate the introduction of the first Bitcoin spot ETF within the next 72 days.
#etf #BlackRock's #Binance #BTC
In exactly 72 days, the final deadline for Ark Invest's Bitcoin Spot ETF will arrive.
The reality is, that the SEC cannot reject Ark's ETF and then approve BlackRock's Spot ETF.
Therefore, we can anticipate the introduction of the first Bitcoin spot ETF within the next 72 days.
#etf #BlackRock's #Binance #BTC
#Bitcoin⏠ETF's received a whopping $2.2 billion in just one week, indicating a growing interest in crypto as an investment option.
#BlackRock's IBIT was the top performer, attracting over $1.6 billion, followed by Fidelity's FBTC and Ark Invest's BTCO. The surge in investments set a record for the most money brought into any exchange-traded product in the U.S. during that period.
#Write2Earn #ETFApproval2024 #The_Bitcoinbull
#BlackRock's IBIT was the top performer, attracting over $1.6 billion, followed by Fidelity's FBTC and Ark Invest's BTCO. The surge in investments set a record for the most money brought into any exchange-traded product in the U.S. during that period.
#Write2Earn #ETFApproval2024 #The_Bitcoinbull
đš BREAKING NEWS: #SEC's Statement on #BlackRock's #BTC ETF slated for January 10th! đ°
#CryptoNews #ETF
#CryptoNews #ETF
đŒ #BlackRock's Bitcoin Holdings Surpass $1.6 Billion!
In a remarkable move, BlackRock has bolstered its position in the crypto space, now boasting Bitcoin holdings exceeding $1.6 billion. The financial giant's strategic embrace of Bitcoin reinforces the cryptocurrency's growing acceptance among institutional investors. đđ° #CryptoNews #BitcoinInvestment
In a remarkable move, BlackRock has bolstered its position in the crypto space, now boasting Bitcoin holdings exceeding $1.6 billion. The financial giant's strategic embrace of Bitcoin reinforces the cryptocurrency's growing acceptance among institutional investors. đđ° #CryptoNews #BitcoinInvestment
đșđž #BlackRock's two funds have disclosed exposure to their own #BitcoinETF in the #SEC filings.
It's just getting started đ
It's just getting started đ
Although industry bulls may appreciate #BlackRock's entry into the market for crypto-related exchange traded products, it could cause problems for one of the biggest market participants.
A number of asset management companies are eager to launch a spot-based product on the market, including the business, which last week filed a filing with the U.S. Securities and Exchange Commission for a new trust linked to the biggest #cryptocurrency. Another is #Grayscale, which has long provided a variety of trust goods.
The products offered by Grayscale trade over-the-counter and may not always mirror the price of the underlying asset, unlike #ETFs, which are traded on a national securities exchange. Even so, it has been able to charge #traders a sizable fee.
A number of asset management companies are eager to launch a spot-based product on the market, including the business, which last week filed a filing with the U.S. Securities and Exchange Commission for a new trust linked to the biggest #cryptocurrency. Another is #Grayscale, which has long provided a variety of trust goods.
The products offered by Grayscale trade over-the-counter and may not always mirror the price of the underlying asset, unlike #ETFs, which are traded on a national securities exchange. Even so, it has been able to charge #traders a sizable fee.