BlackRock Revamps Bitcoin ETF Model, Targets Wall Street Banks In a groundbreaking move, BlackRock has reworked its spot bitcoin exchange-traded fund, aiming to facilitate the involvement of major financial institutions like JPMorgan and Goldman Sachs in the cryptocurrency market. The revised model, which was presented to the U.S. Securities Exchange Commission in November, seeks to…
Bitcoin (BTC) experienced a price correction early this week, dropping below $42,000 on Monday. This correction is attributed to an increase in circulating bitcoin that is currently in a profitable position, according to analysis from ETC Group. André Dragosch, Head of Research at ETC Group, highlighted that the increase in profit-taking among bitcoin investors is…
The Bitcoin price has surged almost 200% since this time last year, helping the combined Ethereum, XRP, and crypto market top $1.5 trillion for the first time since early 2022 thanks to soaring expectations Wall Street is gearing up to explode into the market. Now, as rumors swirl of a secret “sovereign” Bitcoin bid, crypto…
Caitlin Long, CEO of Custodia Bank, recently spoke at the Bitcoin 2023 conference in Miami Beach, marking it as a major event for the cryptocurrency world. The conference, boasting as “the biggest annual celebration of Bitcoin in the world,” saw discussions from industry leaders like Mark Yusko and Cathie Wood. Yusko, CEO of Morgan Creek…
Fidelity Bitcoin ETF listed on DTCC Fidelity, a prominent player in the spot Bitcoin Exchange Traded Funds (ETF) market, achieved a significant milestone as its application was listed on the Depository Trust & Clearing Corporation (DTCC) website under the ticker symbol FBTC. The listing on DTCC, which provides clearing and settlement services for financial markets…
Bitcoin and cryptocurrencies are experiencing a sudden surge as the market prepares for potential price chaos on Wall Street. The price of bitcoin has soared to $45,000 per bitcoin this week, more than doubling throughout 2023, and boosting the price of other cryptocurrencies such as ethereum, XPR, and dogecoin. Elon Musk, the billionaire behind Tesla,…
Bitcoin price has surged past the $43,000 psychological level, reaching levels last seen in April 2022. The uptick has led to the liquidation of almost $85 million worth of positions, while open interest has risen to a 20-month high at $18.3 billion. The surge in Bitcoin price comes amid anticipation for the approval of spot…
