Bitwise, a prominent provider of cryptocurrency investment solutions, has officially withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy and Exchange-Traded Fund (ETF). The decision has left investors and industry observers puzzled, as it comes one day after Bitwise’s Chief Investment Officer, Matt Hougan, publicly vouched for the
Reliance Industries’ financial services arm, Jio Financial Services (JFS), has announced its partnership with the US-based firm BlackRock to launch asset management services in India. The joint venture will run on 50:50 ownership to offer investment solutions. Moreover, both firms will make an initial investment of $150 million each in
The United States Securities and Exchange Commission (SEC) has accepted the BlackRock spot Bitcoin ETF application and formally initiated the review process for the exchange-traded fund ETF proposal. Further, along with BlackRock’s application, the SEC has revealed its review of other Bitcoin-related funds. Such as Wise Origin Bitcoin Trust, WisdomTree
Jay Clayton, former Chairman of the U.S. Securities and Exchange Commission, shared his thoughts on the major traditional financial institutions’ Bitcoin ETF requests. He stated that the spot Bitcoin ETF should be approved. Moreover, he mentioned the crypto market’s significant growth and benefits from the Bitcoin ETF. JUST IN –
BlackRock CEO Larry Fink expressed his positive outlook on cryptocurrencies in a recent interview with Fox Business, specifically referring to Bitcoin (BTC) as an “international asset” and endorsing the idea of crypto serving as “digital gold.” Further, Fink highlighted the potential of cryptocurrencies. Saying, “I do believe that the role
Regarding Bitcoin, the next key event is just around the corner: the ‘halving.’ Bitcoin halving refers to the decrease in rewards for Bitcoin miners, occurring every 210,000 blocks mined or approximately every four years. This event is critical in maintaining the cryptocurrency’s scarcity and value over time. However, a new
Bitcoin (BTC), the crypto market leader, experienced a significant surge for the second consecutive day, buoyed by investor confidence following the filing of spot Bitcoin exchange-traded fund (ETF) applications by prominent asset management firms, including BlackRock. The cryptocurrency, which holds the largest market capitalization, rose by nearly 5% over the
WisdomTree Investments, a renowned asset management firm, has submitted an application to the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This strategic move aligns with the growing market interest in Bitcoin ETFs, fueled partly by industry heavyweight BlackRock’s recent filing. The $87 billion asset manager, WisdomTree,
In a significant development for the cryptocurrency market, major digital currencies closed the week with notable gains, driven by the news of “BlackRock’s plans to launch a Bitcoin exchange-traded fund (ETF).” The announcement by BlackRock, one of the world’s largest asset management firms, has captured the attention of investors and
In an audacious stride, BlackRock, the titan of global asset management, is on course to initiate a Bitcoin spot ETF. On Thursday, the firm formally lodged an application with the US SEC. This move follows rumors sparked by a CoinDesk report suggesting an imminent filing. Teaming up with Coinbase, the
