Bitcoin ETF
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Galaxy Digital CEO Mike Novogratz said Fink is "the most important thing that happened this year in bitcoin."
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.
Investors poured in $65 million to BITO in the past week, the data shows, breaking its previous 2023 high of just over $40 million in April.
Invesco first filed for a Bitcoin ETF in the fall of 2021, but has since re-applied in light of BlackRock’s application.
The asset management giant included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to bitcoin.
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