SEC Calls BlackRock Bitcoin ETF Registration and Unclear Fidelity
Follow Us @
SEC Calls BlackRock Bitcoin ETF Registration and Unclear Fidelity
Previously, asset management giant BlackRock filed paperwork on Thursday, June 15, 2023 to launch an exchange-traded fund for Bitcoin or Bitcoin ETF as it is often called.
This submission pushed the price of crypto assets, especially Bitcoin to strengthen in recent weeks. How does BlackRock’s move impact the crypto industry as a whole?
An Exchange Traded Fund (ETF) is a type of security that tracks the price of an index, sector, commodity or other asset, and these assets can be bought or sold on a stock exchange in the same way as common stock.
Whereas, Bitcoin ETFs are exchange-traded funds that specifically track the price of cryptocurrencies and allow traders to try their hand at entering the crypto market without directly owning the crypto asset.
Ajaib Kripto Financial Expert, Panji Yudha explained that the steps taken by BlackRock had a domino effect and encouraged traditional financial companies to enter the digital asset industry.
“After BlackRock, on June 20, Deutsche Bank, with total assets of USD 1.3 trillion, submitted an application for a Digital Asset License, applying for an Operation Permit as a Crypto Custodian in Germany,” Panji said in a discussion on the July 2023 Bitcoin Projection, Tuesday (27 /6/2023).
Apart from Deutsche Bank, on June 21, Invesco, with total assets of USD 1.4 Trillion or the equivalent of IDR 20,990 trillion (assuming an exchange rate of IDR 14,993 per US dollar), reactivated the application for Bitcoin ETFs.
On the same date Wisdom Tree, with total assets of USD 89 billion or the equivalent of IDR 1,334 trillion submitted an application for a Bitcoin ETF.
SEC Calls BlackRock Bitcoin ETF Registration and Unclear Fidelity
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#SEC #Calls #BlackRock #Bitcoin #ETF #Registration #Unclear #Fidelity
-
Cryptocurrency2 months ago
NFT Sales Touch IDR 4.3 Trillion in the Second Week of February 2024
-
Sports3 months ago
Making history at the 2023 Asian Cup, the Indonesian national team raises its position in the FIFA rankings
-
Sports2 months ago
Falling from Bilbao, Girona's position is threatened in the Spanish League
-
Sports2 months ago
PSG Will Try to Sign Frenkie De Jong from Barcelona
-
usa today entertainment3 months ago
Adu Outfit Park Min Young Becomes an Office Worker, from Drakor What's Wrong with Secretary Kim to Marry My Husband
-
Sports2 months ago
And Ashworth Urges Manchester United to Seize an Important Figure at Chelsea
-
Trend tech & Telecoms3 months ago
28 Terrorist Group Accounts Get Paid Blue Check on X
-
Sports3 months ago
Lukaku Calls Draw Away Good Results