@Cointelegraph posted The SEC approved the ishares #Bitcoin spot ETF, then amended it to reportedly, and eventually deleted the tweet, causing a big #BTC push that peaked $30,700, liquidated roughly $65 million, and then dropped back to $28,000.
They should be charged with disseminating false information that resulted in millions of dollars in losses.
#Cointelegraph
They should be charged with disseminating false information that resulted in millions of dollars in losses.
#Cointelegraph
BLACKROCK IS BUYING BITCOIN AND PREPPING FOR ETF APPROVAL
BlackRock, the world's largest asset manager, is moving closer to launching a Bitcoin ETF, evidenced by its iShares Bitcoin Trust appearing on the Depository Trust and Clearing Corporation (DTCC) website. The listing of the fund, which goes by the ticker IBTC, makes it the first proposed spot Bitcoin ETF on DTCC, a financial market giant that handles trillions of dollars in daily transactions.
This listing comes after BlackRock amended its original Bitcoin ETF proposal on October 18. Scott Johnsson, an associate at Davis Polk & Wardwell, pointed out that the amended filing included a CUSIP—a unique identifier necessary for North American securities. The filing also vaguely mentioned that seed creation baskets for the ETF would be purchased in October, subject to certain conditions. That means that Blackrock is buying #BITCOIN , although it may be in small amounts.
The developments at BlackRock are part of a larger trend, as other investment firms like Ark Invest and 21Shares have also updated their Bitcoin ETF applications recently. Ark Invest's amendments followed discussions with the SEC, further indicating regulatory conversations are taking place. Grayscale is also progressing, registering shares of its existing Bitcoin Trust under the Securities Act of 1933, aiming to eventually convert it into an ETF.
Analysts and legal experts view these developments as signs that the approval of Bitcoin ETFs could be imminent, with BlackRock's moves seen as particularly bullish. This optimism comes amidst a backdrop of legal developments, like the DC Circuit Court's recent ruling that criticized the SEC's rejection of Grayscale's ETF conversion as "arbitrary and capricious."
The market appears to be responding positively; Bitcoin's price rose by 6% in the last 24 hours, standing at roughly $31,600.
BlackRock, the world's largest asset manager, is moving closer to launching a Bitcoin ETF, evidenced by its iShares Bitcoin Trust appearing on the Depository Trust and Clearing Corporation (DTCC) website. The listing of the fund, which goes by the ticker IBTC, makes it the first proposed spot Bitcoin ETF on DTCC, a financial market giant that handles trillions of dollars in daily transactions.
This listing comes after BlackRock amended its original Bitcoin ETF proposal on October 18. Scott Johnsson, an associate at Davis Polk & Wardwell, pointed out that the amended filing included a CUSIP—a unique identifier necessary for North American securities. The filing also vaguely mentioned that seed creation baskets for the ETF would be purchased in October, subject to certain conditions. That means that Blackrock is buying #BITCOIN , although it may be in small amounts.
The developments at BlackRock are part of a larger trend, as other investment firms like Ark Invest and 21Shares have also updated their Bitcoin ETF applications recently. Ark Invest's amendments followed discussions with the SEC, further indicating regulatory conversations are taking place. Grayscale is also progressing, registering shares of its existing Bitcoin Trust under the Securities Act of 1933, aiming to eventually convert it into an ETF.
Analysts and legal experts view these developments as signs that the approval of Bitcoin ETFs could be imminent, with BlackRock's moves seen as particularly bullish. This optimism comes amidst a backdrop of legal developments, like the DC Circuit Court's recent ruling that criticized the SEC's rejection of Grayscale's ETF conversion as "arbitrary and capricious."
The market appears to be responding positively; Bitcoin's price rose by 6% in the last 24 hours, standing at roughly $31,600.
Mining
$BTC update: Support sliced like butter so I'm not engaging in longs atm. Looking for ideally a sweep of the lower support level at $62.3k. I think we'll get it. I'm also starting to look at altcoins to long once BTC does that job, since BTC.D looks weaker.
#Bitcoin following the plan exactly as predicted.
As a trader, it's crucial to understand the context of the market.
With BTC.D weakening, especially today, it's not the time to short altcoins anymore.
I'm waiting for $BTC to hit my bounce area (hopefully we get there) to then long some altcoins there.
As a trader, it's crucial to understand the context of the market.
With BTC.D weakening, especially today, it's not the time to short altcoins anymore.
I'm waiting for $BTC to hit my bounce area (hopefully we get there) to then long some altcoins there.