BlackRocks
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BlackRock’s Ethereum ETF holdings now exceed 450,000 $ETH , totaling 466,275.
#BlackRock #BlackRocks #ETH🔥🔥🔥🔥 #EtheruemETF
$BTC
$ETH
$SOL
#BlackRock #BlackRocks #ETH🔥🔥🔥🔥 #EtheruemETF
$BTC
$ETH
$SOL
BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin
BTC
$68,632
exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to May 28 Securities and Exchange Commission filings.
The IBIT shares are a fraction of BSIIX and MAWIX’s investment portfolios, respectively worth $37.4 billion and 776.4 million.
The BlackRock Strategic Income Opportunities Fund’s purchase of 88,000 IBIT shares. Source: SEC
IBIT currently holds $19.61 billion worth of Bitcoin, according to BlackRock data from May 24.
It only trails the converted Grayscale Bitcoin Trust (GBTC), which holds $19.76 billion as of May 28, Grayscale data shows.
Spot Bitcoin ETFs globally now hold over 1 million Bitcoin worth over $68 billion — equating to nearly 5.10% of its over 19.7 million BTC circulating supply according to CoinGecko.
Related: Mt. Gox-labeled wallets move billions in Bitcoin amid hopes of payback
More than 600 United States investment firms have bought spot Bitcoin ETFs since they launched in January, recent SEC filings revealed.
Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS and hedge funds including Millennium Management and Schonfeld Strategic Advisors were some of the firm’s buying up Bitcoin funds.
Millennium is the largest spot Bitcoin ETF accumulator, with $1.9 billion invested, including $844.2 million into IBIT and $806.7 million into the Fidelity Wise Origin Bitcoin Fund (FBTC).
On May 23, BlackRock was one of eight firms to have its spot Ether
ETH
$3,848
ETF bid approved in the U.S. but the SEC must approve the firm’s Form S-1 filings for the products to start trading.#BlackRocks #bitcoin
BTC
$68,632
exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to May 28 Securities and Exchange Commission filings.
The IBIT shares are a fraction of BSIIX and MAWIX’s investment portfolios, respectively worth $37.4 billion and 776.4 million.
The BlackRock Strategic Income Opportunities Fund’s purchase of 88,000 IBIT shares. Source: SEC
IBIT currently holds $19.61 billion worth of Bitcoin, according to BlackRock data from May 24.
It only trails the converted Grayscale Bitcoin Trust (GBTC), which holds $19.76 billion as of May 28, Grayscale data shows.
Spot Bitcoin ETFs globally now hold over 1 million Bitcoin worth over $68 billion — equating to nearly 5.10% of its over 19.7 million BTC circulating supply according to CoinGecko.
Related: Mt. Gox-labeled wallets move billions in Bitcoin amid hopes of payback
More than 600 United States investment firms have bought spot Bitcoin ETFs since they launched in January, recent SEC filings revealed.
Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS and hedge funds including Millennium Management and Schonfeld Strategic Advisors were some of the firm’s buying up Bitcoin funds.
Millennium is the largest spot Bitcoin ETF accumulator, with $1.9 billion invested, including $844.2 million into IBIT and $806.7 million into the Fidelity Wise Origin Bitcoin Fund (FBTC).
On May 23, BlackRock was one of eight firms to have its spot Ether
ETH
$3,848
ETF bid approved in the U.S. but the SEC must approve the firm’s Form S-1 filings for the products to start trading.#BlackRocks #bitcoin
🚨Michael Saylor, a prominent figure in the cryptocurrency sphere, has made a bold prediction regarding the future of altcoins amidst potential regulatory crackdowns by the SEC. He anticipates increased scrutiny on altcoins, potentially leading to stricter regulations and market turbulence.🌟
This could prompt investors to reassess their strategies amidst the uncertainty. If Saylor's predictions materialize, we might witness significant changes in the crypto landscape, including more regulations, fewer altcoins, and a quest for stability. It's important to monitor SEC announcements, observe market reactions, and seek guidance from experts to navigate these developments effectively.🚨🚨#BlackRocks #MicroStrategу #BitcoinMoon
This could prompt investors to reassess their strategies amidst the uncertainty. If Saylor's predictions materialize, we might witness significant changes in the crypto landscape, including more regulations, fewer altcoins, and a quest for stability. It's important to monitor SEC announcements, observe market reactions, and seek guidance from experts to navigate these developments effectively.🚨🚨#BlackRocks #MicroStrategу #BitcoinMoon
Latest Renzo coin news today.
The price of Renzo has been down in the last day and week. Right now it's at $0.1781.
The highest price it reached was $0.2782 on April 30th, 2024.
There was a recent airdrop of REZ tokens, with a total of 32% of all tokens allocated to the community.
Renzo (REZ) is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, a protocol designed to secure Actively Validated Services (AVSs) on the Ethereum blockchain. It acts as an interface for users to interact with EigenLayer and earn staking rewards on their ETH.
Here's a quick summary about Renzo coin:
Price: $0.1781 (as of May 5, 2024)
Market cap: $203,934,451
Circulating supply: 1,150,000,000 REZ
Max supply: 10,000,000,000 REZ
Benefits of using Renzo:
Higher yields than traditional ETH staking: Renzo offers users the opportunity to earn higher yields on their ETH compared to traditional staking methods.
Simplified staking process: Renzo abstracts away the complexity of staking, making it easier for users to participate.
Increased liquidity: Renzo is a liquid token, which means that users can easily buy and sell their holdings on cryptocurrency exchanges.
Things to consider before investing in Renzo:
Volatility: The cryptocurrency market is highly volatile, and the price of Renzo could fluctuate significantly.
New technology: Renzo is a relatively new project, and the long-term viability of the protocol is still uncertain.
Regulatory risks: The regulatory landscape surrounding cryptocurrencies is constantly evolving, and there is a risk that future regulations could impact the price of Renzo.
Overall, Renzo is a promising project with the potential to offer users a more convenient and rewarding way to stake their ETH. However, it is important to carefully consider the risks involved before investing in any cryptocurrency.
#CryptoWatchMay2024 #BlackRocks #MicroStrategy #BitcoinETFs
The price of Renzo has been down in the last day and week. Right now it's at $0.1781.
The highest price it reached was $0.2782 on April 30th, 2024.
There was a recent airdrop of REZ tokens, with a total of 32% of all tokens allocated to the community.
Renzo (REZ) is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, a protocol designed to secure Actively Validated Services (AVSs) on the Ethereum blockchain. It acts as an interface for users to interact with EigenLayer and earn staking rewards on their ETH.
Here's a quick summary about Renzo coin:
Price: $0.1781 (as of May 5, 2024)
Market cap: $203,934,451
Circulating supply: 1,150,000,000 REZ
Max supply: 10,000,000,000 REZ
Benefits of using Renzo:
Higher yields than traditional ETH staking: Renzo offers users the opportunity to earn higher yields on their ETH compared to traditional staking methods.
Simplified staking process: Renzo abstracts away the complexity of staking, making it easier for users to participate.
Increased liquidity: Renzo is a liquid token, which means that users can easily buy and sell their holdings on cryptocurrency exchanges.
Things to consider before investing in Renzo:
Volatility: The cryptocurrency market is highly volatile, and the price of Renzo could fluctuate significantly.
New technology: Renzo is a relatively new project, and the long-term viability of the protocol is still uncertain.
Regulatory risks: The regulatory landscape surrounding cryptocurrencies is constantly evolving, and there is a risk that future regulations could impact the price of Renzo.
Overall, Renzo is a promising project with the potential to offer users a more convenient and rewarding way to stake their ETH. However, it is important to carefully consider the risks involved before investing in any cryptocurrency.
#CryptoWatchMay2024 #BlackRocks #MicroStrategy #BitcoinETFs
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Update on $BTC
Currently at the Accumulation zone, I expect a fake pump towards box range above. (Maybe the fake Monday pumps). It will consolidate for a while then bounce at the Fair Value Gap (Fvg) creating a deviation for a bigger uptrend.
Please like, comment and repost 🙏
#buythedip #BTC #CryptoWatchMay2024 #BitcoinETFs! #BlackRocks
Currently at the Accumulation zone, I expect a fake pump towards box range above. (Maybe the fake Monday pumps). It will consolidate for a while then bounce at the Fair Value Gap (Fvg) creating a deviation for a bigger uptrend.
Please like, comment and repost 🙏
#buythedip #BTC #CryptoWatchMay2024 #BitcoinETFs! #BlackRocks
JUST IN: BlackRock and Citadel plan to launch a new national stock exchange in Texas to compete with the New York Stock Exchange.
#BlackRocks
#BlackRocks
BTC Spot ETF vs BTC Spot Trading: A Guide for Beginners in the World of Bitcoin Investment
A new way to invest in Bitcoin has been made available with the launch of the spot exchange-traded fund (ETF) in the United States. In order to give a full introduction to Bitcoin exchange-traded funds (ETFs), the purpose of this essay is to explain the key distinctions between these ETFs and the spot trading that is currently accessible on cryptocurrency exchanges. Additionally, this article will provide insights into this new investing alternative.
✅ETFs for Bitcoin: An Explanation
✅A fund that is traded on stock exchanges is referred to as an exchange-traded fund, or ETF for short. Generally speaking, exchange-traded funds (ETFs) reflect the price of an underlying asset, a collection of assets, or an index. There are several different types of exchange-traded funds (ETFs), including stock ETFs, bond ETFs, commodity ETFs, currency ETFs, REIT ETFs, and cryptocurrency ETFs, which will be the primary focus of our discussion. Some examples of popular exchange-traded funds (ETFs) are the stock-based S&P 500 index ETFs and the commodity-based Gold ETFs. These ETFs have become a mainstay in the financial markets.
✅BTC futures exchange-traded funds (ETFs), which are based on futures contracts, were previously authorized by the SEC. One example is the Bitcoin futures exchange-traded fund (ETF) offered by ProShares, which tracks the price of Bitcoin futures traded on the Chicago Mercantile Exchange (CME). Futures exchange-traded funds (ETFs) are not the same as spot ETFs since they do not contain real Bitcoin. This results in a price discrepancy between the ETF and the current price of Bitcoin.
✅A Bitcoin spot exchange-traded fund, on the other hand, is backed by actual Bitcoin. One example of this is the iShares Bitcoin Trust, which was launched by BlackRock and has Coinbase as its custodian. When an investor purchases shares in an exchange-traded fund (ETF), they are basically purchasing a piece of the Bitcoin reserves that are maintained by Coinbase on behalf of BlackRock.
✅As a result of its structure, the Bitcoin spot exchange-traded fund (ETF) generates a larger level of interest among investors than futures ETFs do since it is an indirect method of investing in Bitcoin. In the future, it is projected that the availability of Bitcoin purchasing via exchange-traded funds (ETFs) on major exchanges such as the Nasdaq and the NYSE would greatly increase the demand for Bitcoin.
⭐BTC Spot Trading vs BTC Spot Exchange-Traded Funds⭐
⭐Many investors, particularly when contemplating their investing alternatives, are curious about# the primary distinctions that exist between spot trading and spot exchange-traded funds (ETFs). Traditional financial investors are the target audience for spot exchange-traded funds, and here's why:
⭐Beginners have an easier time getting started with spot ETFs. Those who are new to the cryptocurrency exchange market encounter problems such as gaining a grasp of coin deposits and withdrawals, possessing a cryptocurrency wallet, and keeping their Bitcoin in a secure manner. On the other hand, acquiring a spot exchange-traded fund (ETF) is just as simple as purchasing stocks, which makes it a more accessible choice for those who are used to conventional financial methods.
⭐A more stringent regulatory framework is beneficial to spot exchange-traded funds. There is a restricted number of compliant cryptocurrency exchanges in the United States, which limits the investing options available for Bitcoin. As a result of the aftermath of FTX's bankruptcy, conventional investors are likely to gravitate toward spot exchange-traded funds (ETFs), which are protected by the Securities and Exchange Commission (SEC), rather than the volatile nature of cryptocurrency trading platforms.
⭐Spot exchange-traded funds do not include direct ownership of Bitcoin. The investors themselves do not directly own Bitcoin, despite the fact that asset management firms that support spot ETFs are obliged to acquire Bitcoin. The acquisition of Bitcoin via spot trading on a cryptocurrency exchange is the most appropriate method for those who want to be actively engaged in the Bitcoin ecosystem or who intend to utilize Bitcoin for transactions.
⭐Spot exchange-traded funds (ETFs) have limited trading hours. It is important to note that spot exchange-traded funds (ETFs) conform to the particular trading hours of exchanges such as the Nasdaq and the New York Stock Exchange (NYSE). Due to this constraint, investors in exchange-traded funds (ETFs) are need to wait during off-hours, while spot traders are able to react promptly to movements in the market.
⭐The existing scenario for Bitcoin investors has not been significantly affected by the distinctive advantages offered by exchange-traded funds (ETFs). On the contrary, their major responsibility has been to establish a connection between the world of conventional banking and the world of cryptocurrencies. Mixed emotions have been elicited as a result of the approval of the Bitcoin spot exchange-traded fund (ETF). While some individuals are hopeful, perceiving it as a possible gateway for billions of dollars in investments, others are more cautious, voicing worries about the possibility of an excessively concentrated concentration of assets. In spite of these divergent points of view, the exchange-traded fund (ETF) is a significant step toward establishing Bitcoin as a vital participant in the global investing arena.
#BTCETFS #ETHETFS #ETFvsBTC
#BlackRocks #BinanceLaunchpool
✅ETFs for Bitcoin: An Explanation
✅A fund that is traded on stock exchanges is referred to as an exchange-traded fund, or ETF for short. Generally speaking, exchange-traded funds (ETFs) reflect the price of an underlying asset, a collection of assets, or an index. There are several different types of exchange-traded funds (ETFs), including stock ETFs, bond ETFs, commodity ETFs, currency ETFs, REIT ETFs, and cryptocurrency ETFs, which will be the primary focus of our discussion. Some examples of popular exchange-traded funds (ETFs) are the stock-based S&P 500 index ETFs and the commodity-based Gold ETFs. These ETFs have become a mainstay in the financial markets.
✅BTC futures exchange-traded funds (ETFs), which are based on futures contracts, were previously authorized by the SEC. One example is the Bitcoin futures exchange-traded fund (ETF) offered by ProShares, which tracks the price of Bitcoin futures traded on the Chicago Mercantile Exchange (CME). Futures exchange-traded funds (ETFs) are not the same as spot ETFs since they do not contain real Bitcoin. This results in a price discrepancy between the ETF and the current price of Bitcoin.
✅A Bitcoin spot exchange-traded fund, on the other hand, is backed by actual Bitcoin. One example of this is the iShares Bitcoin Trust, which was launched by BlackRock and has Coinbase as its custodian. When an investor purchases shares in an exchange-traded fund (ETF), they are basically purchasing a piece of the Bitcoin reserves that are maintained by Coinbase on behalf of BlackRock.
✅As a result of its structure, the Bitcoin spot exchange-traded fund (ETF) generates a larger level of interest among investors than futures ETFs do since it is an indirect method of investing in Bitcoin. In the future, it is projected that the availability of Bitcoin purchasing via exchange-traded funds (ETFs) on major exchanges such as the Nasdaq and the NYSE would greatly increase the demand for Bitcoin.
⭐BTC Spot Trading vs BTC Spot Exchange-Traded Funds⭐
⭐Many investors, particularly when contemplating their investing alternatives, are curious about# the primary distinctions that exist between spot trading and spot exchange-traded funds (ETFs). Traditional financial investors are the target audience for spot exchange-traded funds, and here's why:
⭐Beginners have an easier time getting started with spot ETFs. Those who are new to the cryptocurrency exchange market encounter problems such as gaining a grasp of coin deposits and withdrawals, possessing a cryptocurrency wallet, and keeping their Bitcoin in a secure manner. On the other hand, acquiring a spot exchange-traded fund (ETF) is just as simple as purchasing stocks, which makes it a more accessible choice for those who are used to conventional financial methods.
⭐A more stringent regulatory framework is beneficial to spot exchange-traded funds. There is a restricted number of compliant cryptocurrency exchanges in the United States, which limits the investing options available for Bitcoin. As a result of the aftermath of FTX's bankruptcy, conventional investors are likely to gravitate toward spot exchange-traded funds (ETFs), which are protected by the Securities and Exchange Commission (SEC), rather than the volatile nature of cryptocurrency trading platforms.
⭐Spot exchange-traded funds do not include direct ownership of Bitcoin. The investors themselves do not directly own Bitcoin, despite the fact that asset management firms that support spot ETFs are obliged to acquire Bitcoin. The acquisition of Bitcoin via spot trading on a cryptocurrency exchange is the most appropriate method for those who want to be actively engaged in the Bitcoin ecosystem or who intend to utilize Bitcoin for transactions.
⭐Spot exchange-traded funds (ETFs) have limited trading hours. It is important to note that spot exchange-traded funds (ETFs) conform to the particular trading hours of exchanges such as the Nasdaq and the New York Stock Exchange (NYSE). Due to this constraint, investors in exchange-traded funds (ETFs) are need to wait during off-hours, while spot traders are able to react promptly to movements in the market.
⭐The existing scenario for Bitcoin investors has not been significantly affected by the distinctive advantages offered by exchange-traded funds (ETFs). On the contrary, their major responsibility has been to establish a connection between the world of conventional banking and the world of cryptocurrencies. Mixed emotions have been elicited as a result of the approval of the Bitcoin spot exchange-traded fund (ETF). While some individuals are hopeful, perceiving it as a possible gateway for billions of dollars in investments, others are more cautious, voicing worries about the possibility of an excessively concentrated concentration of assets. In spite of these divergent points of view, the exchange-traded fund (ETF) is a significant step toward establishing Bitcoin as a vital participant in the global investing arena.
#BTCETFS #ETHETFS #ETFvsBTC
#BlackRocks #BinanceLaunchpool
My Price Prediction for this Bullrun👇
$BTC - $120,000
$ETH - $10,000
$SOL - $590
$ADA - $7.00
$DOGE - $0.90
$XRP - $2.50
$AVAX $420
$LINK $200
$RNDR $60
$NEAR $50
$MATIC $5.00
$ICP $50
$TIA $100
$VET $0.30
$SUI $8.00
Do you agree?
#altcoins #BlackRocks #BTC🔥🔥🔥🔥🔥 #bitcoinhalving
$BTC - $120,000
$ETH - $10,000
$SOL - $590
$ADA - $7.00
$DOGE - $0.90
$XRP - $2.50
$AVAX $420
$LINK $200
$RNDR $60
$NEAR $50
$MATIC $5.00
$ICP $50
$TIA $100
$VET $0.30
$SUI $8.00
Do you agree?
#altcoins #BlackRocks #BTC🔥🔥🔥🔥🔥 #bitcoinhalving
ARE you ready to make some money, this is the best signal: $LINK
Entry is 16.446.
Targets: 17.500
18.500
19.500
21.500
23.000
Stop-loss: 16.150
Thanks to all my friends. See you at the target.
Mar's signal is the best.
#BlackRocks
#BTC
#btc70k
#BinanceLaunchpoolView
#LINK🔥🔥🔥
Entry is 16.446.
Targets: 17.500
18.500
19.500
21.500
23.000
Stop-loss: 16.150
Thanks to all my friends. See you at the target.
Mar's signal is the best.
#BlackRocks
#BTC
#btc70k
#BinanceLaunchpoolView
#LINK🔥🔥🔥
I need to hit 1k super fast🤑😍#BinanceLaunchpool #altcoins #BlackRocks #BTC $XRP $USDC
Like❤️, follow, comment your wallet💰, repost, check your wallet👀, repeat🍀
Like❤️, follow, comment your wallet💰, repost, check your wallet👀, repeat🍀
JUST IN: Andrew Tate says he's about to put $100 million in Bitcoin and "leave fiat completely." !
#ETHETFS #InvestingRevolution #Bitcoinblockchain #BlackRocks #MicroStrategу $BTC
#ETHETFS #InvestingRevolution #Bitcoinblockchain #BlackRocks #MicroStrategу $BTC
### Why #Bitcoin Price is Soaring Today?
**BTC Price Surges Above $70K – All-Time High Within Reach!**
Bitcoin's impressive rally continues as it climbs above $70,000, edging closer to its all-time high. Currently ranked #1 on CoinMarketCap, Bitcoin boasts a market cap of $1,405,624,620,738 USD.
**Bullish Indicators:**
- A bullish flag upside breakout has been confirmed on the daily chart. ✅
**Recent Developments:**
- Bitcoin has rebounded strongly from a two-month correction, surging by 6.8% in the last 24 hours to trade at approximately $71,273 early Tuesday during the Asian session.
- This sudden price pump has led to massive liquidations of short positions, totaling over $345 million in revenue from crypto derivatives trading. Bitcoin bulls are clearly in control, and a new all-time high seems imminent.
**Legal News Impact:**
- On Monday, May 20th, the High Court of Justice Business and Property Courts of England and Wales issued a detailed ruling in the Crypto Open Patent Alliance (COPA) case against Dr. Craig Wright.
- The court documents reveal that Wright significantly fabricated his case in an attempt to prove he is Satoshi Nakamoto.
- The court confirmed that Bitcoin software will remain public property through its open-source technology.
**Market Sentiment:**
- With bullish momentum and key legal victories, Bitcoin is poised for continued growth.
Join the conversation and stay updated with the latest trends in the crypto world.
#BlackRocks #BTC #ETHETFS
$BTC $ETH $BNB
**BTC Price Surges Above $70K – All-Time High Within Reach!**
Bitcoin's impressive rally continues as it climbs above $70,000, edging closer to its all-time high. Currently ranked #1 on CoinMarketCap, Bitcoin boasts a market cap of $1,405,624,620,738 USD.
**Bullish Indicators:**
- A bullish flag upside breakout has been confirmed on the daily chart. ✅
**Recent Developments:**
- Bitcoin has rebounded strongly from a two-month correction, surging by 6.8% in the last 24 hours to trade at approximately $71,273 early Tuesday during the Asian session.
- This sudden price pump has led to massive liquidations of short positions, totaling over $345 million in revenue from crypto derivatives trading. Bitcoin bulls are clearly in control, and a new all-time high seems imminent.
**Legal News Impact:**
- On Monday, May 20th, the High Court of Justice Business and Property Courts of England and Wales issued a detailed ruling in the Crypto Open Patent Alliance (COPA) case against Dr. Craig Wright.
- The court documents reveal that Wright significantly fabricated his case in an attempt to prove he is Satoshi Nakamoto.
- The court confirmed that Bitcoin software will remain public property through its open-source technology.
**Market Sentiment:**
- With bullish momentum and key legal victories, Bitcoin is poised for continued growth.
Join the conversation and stay updated with the latest trends in the crypto world.
#BlackRocks #BTC #ETHETFS
$BTC $ETH $BNB
🚨 JUST IN: BlackRock’s 🥇 Bitcoin ETF $IBIT Becomes Fastest ETF to Reach $20 Billion in Assets.
#BitcoinETF💰💰💰 #BlackRocks #ETFvsBTC
#BitcoinETF💰💰💰 #BlackRocks #ETFvsBTC
🚨⚠️Bitcoin Halving Will Cause Short Term Suffering
🗣️Bitcoin Halving Might Cause Short-Term Pain Analyst Warns
Bitcoin's upcoming halving might bring some short-term pain for certain players in the cryptocurrency ecosystem, according to analyst Charles Edwards of Capriole Investments. While the halving is generally seen as a positive event for Bitcoin's long-term value, Edwards believes that it could have negative consequences for some entities in the short term.
In particular, Edwards warns that miners with older, less energy-efficient hardware may struggle to remain profitable after the halving, which is expected to occur on April 19, 2024. The halving will reduce the mining rewards from 6.25 BTC per block to 3.125 BTC per block, potentially pushing some miners into the red.
As a result, Edwards predicts that some miners may "go bust" in the coming months, particularly those who are unable to upgrade their equipment to remain competitive. While this may cause some short-term turbulence in the Bitcoin market, it's important to remember that the halving is ultimately a positive event for the long-term health and stability of the Bitcoin network.
#BlackRocks
🗣️Bitcoin Halving Might Cause Short-Term Pain Analyst Warns
Bitcoin's upcoming halving might bring some short-term pain for certain players in the cryptocurrency ecosystem, according to analyst Charles Edwards of Capriole Investments. While the halving is generally seen as a positive event for Bitcoin's long-term value, Edwards believes that it could have negative consequences for some entities in the short term.
In particular, Edwards warns that miners with older, less energy-efficient hardware may struggle to remain profitable after the halving, which is expected to occur on April 19, 2024. The halving will reduce the mining rewards from 6.25 BTC per block to 3.125 BTC per block, potentially pushing some miners into the red.
As a result, Edwards predicts that some miners may "go bust" in the coming months, particularly those who are unable to upgrade their equipment to remain competitive. While this may cause some short-term turbulence in the Bitcoin market, it's important to remember that the halving is ultimately a positive event for the long-term health and stability of the Bitcoin network.
#BlackRocks
In the evolving world of finance, #BlackRocks the world's largest asset manager, ventured into cryptocurrency, signaling a significant shift in mainstream acceptance. Known for managing trillions of dollars in assets, BlackRock's cautious yet strategic approach to digital currencies began taking shape in the early 2020s.
Larry Fink, BlackRock's CEO, initially expressed skepticism about Bitcoin and other cryptocurrencies. However, as institutional interest grew and blockchain technology matured, the firm began to explore the potential benefits and opportunities in the crypto market. By 2021, BlackRock had started dabbling in Bitcoin futures, and the following year, it launched a blockchain-themed exchange-traded fund (ETF), highlighting its gradual embrace of the crypto sector.
In 2023, BlackRock made headlines with its application for a Bitcoin spot ETF, a move that many saw as a watershed moment for institutional involvement in crypto. This application was a part of BlackRock's broader strategy to integrate digital assets into its portfolio, aiming to provide clients with diversified investment options.
BlackRock's foray into cryptocurrency not only legitimized the asset class but also underscored the growing recognition of digital currencies as a vital component of the global financial ecosystem. By leveraging its vast resources and influence, BlackRock played a crucial role in bridging traditional finance with the burgeoning world of cryptocurrency, paving the way for wider acceptance and adoption.
Larry Fink, BlackRock's CEO, initially expressed skepticism about Bitcoin and other cryptocurrencies. However, as institutional interest grew and blockchain technology matured, the firm began to explore the potential benefits and opportunities in the crypto market. By 2021, BlackRock had started dabbling in Bitcoin futures, and the following year, it launched a blockchain-themed exchange-traded fund (ETF), highlighting its gradual embrace of the crypto sector.
In 2023, BlackRock made headlines with its application for a Bitcoin spot ETF, a move that many saw as a watershed moment for institutional involvement in crypto. This application was a part of BlackRock's broader strategy to integrate digital assets into its portfolio, aiming to provide clients with diversified investment options.
BlackRock's foray into cryptocurrency not only legitimized the asset class but also underscored the growing recognition of digital currencies as a vital component of the global financial ecosystem. By leveraging its vast resources and influence, BlackRock played a crucial role in bridging traditional finance with the burgeoning world of cryptocurrency, paving the way for wider acceptance and adoption.
