Tag Archives: Bitcoin ETF

MARKETS NEWS

BlackRock Announced the Date BlackRock is Waiting for Approval for Bitcoin Spot ETFs

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Cryptocurrency Journalist Charles Gasparino Announced the Date BlackRock is Waiting for Approval for Bitcoin Spot ETFs. According to Charles Gasparino’s sources, BlackRock, the world’s largest money management firm, is awaiting approval from the Securities and Exchange Commission (SEC) for its new Bitcoin spot ETF on Wednesday.

According to Charles Gasparino, other companies are also awaiting approval on the same day. Wednesday is already known as the SEC’s final decision-making date, and BlackRock sources have thus stated that they do not expect an approval before the deadline.

The news came amid reports of impending layoffs within the company. BlackRock plans to announce layoffs in the coming days that will affect about 3 percent of its global workforce, about 600 employees. According to a source familiar with the matter, these layoffs, which have not yet been reported, are considered routine within the company. Last year, BlackRock conducted a similar round of layoffs based on employee performance metrics.

BlackRock ended the third quarter of 2023 with $9 trillion in assets under management (AUM). However, the company has experienced significant asset declines since reaching a peak of over $10 trillion in 2022 due to volatile financial markets.

Source: bitcoinsistemi

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Ethereum ETF approval may come before Spot Bitcoin ETF

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The SEC has yet to give an approval for the Ethereum ETF. Bitcoin ETF are viewed positively, but no clear statement has yet been made. But ETF is not falling off the crypto agenda. Grayscale, on the other hand, thinks that a Bitcoin-based ETF will be more effective.

Bloomberg Intelligence, on the other hand, recently published a report investigating why a spot bitcoin ETF is less likely than an Ethereum ETF. The report laid out the reasons why they believe Ethereum ETFs are much closer to us than Spot Bitcoin Funds. Considering that the language in Bitcoin and Ethereum ETFs is almost the same, Ethereum ETFs are more likely to be released soon.

Bloomberg analysts have said that an Ethereum ETF will be approved as early as the first quarter of 2022, before the market sees a spot bitcoin ETF. The SEC’s slow movement delays EFT and many plans a lot.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.