Binance CEO Welcomes BlackRock and Other Large Players to the Crypto Space
During a Twitter Spaces session, Binance CEO Changpeng Zhao expressed his enthusiasm for the entrance of large players like BlackRock into the cryptocurrency space, stating that it would offer more coverage and serve a clientele that is currently underserved. He also noted that many of these institutions are not comfortable using pure crypto platforms and may prefer existing relationships with legacy firms.
Traditional Finance Shows Increased Interest in Crypto ETFs, But Risks Abound
July 4 (Cointime) - Interest in crypto-based exchange-traded funds (ETFs) is growing among traditional finance firms, with BlackRock, Fidelity, and others submitting applications for Bitcoin-based ETFs. HSBC has become the first bank to offer Bitcoin and Ether ETFs to customers in Hong Kong.
ProShare's bitcoin futures ETF AuM breakthrough $1 billion
July 4 (Cointime) - According to ETF.com, The crypto market rally kicked off by BlackRock's surprise spot bitcoin exchange-trade fund filing has brought tens of millions of new inflows into a futures-based fund managed by ProShares.
Whales and Sharks Accumulate Over $4.7 Billion Worth of Bitcoin in Seven Weeks
July 4 (Cointime) - According to crypto analytics firm Santiment, large Bitcoin holders, known as whale and shark addresses, have been accumulating BTC at a higher rate than usual over the past seven weeks.
Economist Alex Krüger Says Bitcoin (BTC) on the Edge of a Breakout With Room To Run – Here’s His Target
July 4 (Cointime) - According to economist and crypto analyst Alex Krüger, Bitcoin could experience strong rallies in the near future. Krüger highlights the significance of the BlackRock spot BTC exchange-traded fund (ETF) application and notes that Bitcoin has a liquidity air pocket between $31,000 and $37,000.
Surge in Large Holders of Bitcoin Futures on CME Market Amid Crypto Rally
July 4 (Cointime) - According to data from The Block, the number of large holders in CME's bitcoin futures market has been increasing in recent weeks. The number of holders with a futures position of at least 25 bitcoin rose from 94 in the week of May 30 to 121 in the week of June 27.
Bitcoin Reaches Highest Price in Over a Year As BlackRock Resubmits ETF Application
July 4 (Cointime) - Bitcoin reached its highest price in over a year on Monday, with a 2.4% increase to $31,250. BlackRock's resubmission of its application for a Bitcoin ETF caused its shares to surge. Despite crises in the past year, Bitcoin's price has risen by 62%.
Cboe Resubmits Bitcoin ETF Application with Fidelity After SEC Found Registrations Inadequate
July 4 (Cointime) - Several prominent financial institutions, including Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco, had their spot bitcoin ETF applications rejected by the SEC due to inadequate registrations. Following this, Fidelity, Vaneck, Invesco, and Wisdomtree resubmitted their filings with updates and amendments.
Nasdaq Refiles Form for BlackRock's Bitcoin ETF with Coinbase Surveillance Agreement Expected
July 4 (Cointime) - Nasdaq has resubmitted a 19b-4 form for the iShares Bitcoin Trust, a spot bitcoin ETF managed by BlackRock, following similar filings from Cboe exchange last week.
Only a Few Contenders Will Be Successful in the Bitcoin ETF Race, Says Bitwise’s Hougan
July 3 (Cointime) - Matthew Hougan of Bitwise warns that only a select few of the growing list of contenders vying for approval from the US SEC to launch a spot bitcoin ETF will wind up being successful. "ETFs are generally a 'winner takes most' market," Hougan told The Block. The firm that is first to market typically snags the most assets under management. Thus far, financial market titans Fidelity and BlackRock have filed alongside smaller brands like Valkyrie Investments, WisdomTree, and Invesco.
