BlackRock Exec Says Bitcoin ETFs Becoming A Major Revenue Source Was A ‘Big S...
Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency space in the past two years. With these investment products, people get to participate in the cryptocurrency market without having to directly own the digital assets. Interestingly, one of the biggest winners—that often gets overlooked—has been the issuers, especially as the crypto industry has seen increased institutional adoption since the Bitcoin ETFs launched. According to the firm’s executive, the BTC exchange-traded funds becoming the major source of revenue....
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With the Spot Bitcoin and Ethereum ETF already trading, there have been discussions about whether or not fund issuers will apply for other crypto ETFs. Specifically, market experts have questioned if the world’s largest asset manager, BlackRock, will file for spot ETFs for other altcoins like Solana and XRP. BlackRock Unlikely To File For Spot […]
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BlackRock and Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas, have consistently stopped disastrous declines in the value of the crypto. Related Reading: Crypto Beef Up 2024 US Elections With $190 Million In Donations This coincides with speculations that BlackRock uses Coinbase’s Bitcoin IOUs to control the market, therefore shorting BTC and perhaps triggering price […]
BlackRock’s global head of digital assets, Robbie Mitchnick, was pressed on the prospect of a spot XRP exchange-traded fund during an interview with Nate Geraci on the “Crypto Prime” podcast. Will BlackRock Launch A Spot XRP ETF? While he offered no product reveal, he did spell out precisely how BlackRock is thinking about what could […]
The Delaware authorities have taken over the case involving the false BlackRock XRP ETF filing which appeared on the Delaware’s Department of State Division of Corporations on Monday. Authorities Probe Blackrock XRP ETF Legitimacy Amidst the excitement surrounding the introduction of ETFs into the crypto market, concerns have also been raised about the existence of […]