{"id":129,"date":"2023-07-02T17:21:48","date_gmt":"2023-07-02T16:21:48","guid":{"rendered":"https:\/\/cryptodawnblog.wordpress.com\/?p=129"},"modified":"2023-07-02T17:21:48","modified_gmt":"2023-07-02T16:21:48","slug":"blackrockbitcoinetf","status":"publish","type":"post","link":"https:\/\/cryptodawn.net\/?p=129","title":{"rendered":"#BlackRockBitcoinETF"},"content":{"rendered":"\n<p>1\/ &#8220;\ud83d\udd14\ud83d\udcbc#CryptoDawn: BlackRock, world&#8217;s largest asset manager, steps onto the crypto stage with a filing for a Bitcoin ETF. A bold move in times of intense regulatory scrutiny. Let&#8217;s unravel this development. #BlackRockBitcoinETF&#8221;<\/p>\n\n\n\n<p>2\/ &#8220;BlackRock&#8217;s iShares Bitcoin Trust will lean on Coinbase Custody as its custodian, according to the SEC filing. This comes even as the SEC has yet to give a green light to any spot Bitcoin ETFs. #CoinbaseCustody #SEC&#8221;<\/p>\n\n\n\n<p>3\/ &#8220;In the past, BlackRock unveiled a spot Bitcoin private trust for US institutional clients. This new ETF move marks a significant expansion into the public sphere, allowing a broader range of investors to gain exposure to Bitcoin. #InstitutionalBitcoin&#8221;<\/p>\n\n\n\n<p>4\/ &#8220;This bold move comes amidst regulatory storms brewing in the crypto industry. Notably, the SEC has recently sued crypto giants Coinbase and Binance, causing shockwaves through the digital asset landscape. #CryptoRegulation&#8221;<\/p>\n\n\n\n<p>5\/ &#8220;Joshua Chu, Chief Risk Officer at XBE, suggests that BlackRock&#8217;s move might help push for regulatory approval. Despite the recent lawsuits, the pursuit of a Bitcoin ETF signals unwavering public interest in crypto. #CryptoResilience&#8221;<\/p>\n\n\n\n<p>6\/ &#8220;A spot Bitcoin ETF would track the underlying market price of Bitcoin. This gives investors a way to get exposure to Bitcoin without having to directly purchase it, potentially opening the crypto market to a wider audience. #SpotBitcoinETF&#8221;<\/p>\n\n\n\n<p>7\/ &#8220;Previously, the SEC rejected Grayscale Investment LLC\u2019s bid to convert its Grayscale Bitcoin Trust into an ETF. The regulatory body also turned down proposals from Fidelity, Cboe Global Markets, and NYDIG. #RegulatoryHurdles&#8221;<\/p>\n\n\n\n<p>8\/ &#8220;In response to the ETF news, Bitcoin prices saw a 2% increase, with the largest cryptocurrency trading at $30,540, marking a significant uptick this year. The news seems to have rekindled some optimism in the crypto market. #BitcoinPrice&#8221;<\/p>\n\n\n\n<p>9\/ &#8220;In conclusion, BlackRock&#8217;s filing for a Bitcoin ETF amidst regulatory chaos symbolizes the resilience of the crypto sector. The move could shape the future of Bitcoin and institutional investment in cryptocurrencies. #CryptoFuture #BlackRock&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1\/ &#8220;\ud83d\udd14\ud83d\udcbc#CryptoDawn: BlackRock, world&#8217;s largest asset manager, steps onto the crypto stage with a filing for a Bitcoin ETF. A bold move in times of intense regulatory scrutiny. Let&#8217;s unravel this development. #BlackRockBitcoinETF&#8221; 2\/ &#8220;BlackRock&#8217;s iShares Bitcoin Trust will lean on Coinbase Custody as its custodian, according to the SEC filing. This comes even as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/cryptodawn.net\/index.php?rest_route=\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodawn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodawn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodawn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodawn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129"}],"version-history":[{"count":0,"href":"https:\/\/cryptodawn.net\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptodawn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodawn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodawn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}