BlackRock Files Registration for Bitcoin ETF Trust with Coinbase Custody as Designated Custodian
June 16 (Cointime) - On Thursday, BlackRock filed a registration statement with the U.S. Securities and Exchange Commission for the iShares Bitcoin Trust, which could potentially lead to a bitcoin ETF. The trust will hold bitcoin assets primarily held by Coinbase Custody Trust Company, and the price of bitcoin will be determined using the CF Benchmarks Index. This move marks a significant step for BlackRock towards a potential bitcoin ETF.
BlackRock Considers Bitcoin ETF with Coinbase Custody, Signaling Move into Cryptocurrencies
June 16 (Cointime) - BlackRock, the world's largest asset manager, is reportedly considering applying for a Bitcoin Exchange Traded Fund (ETF), which would signify a significant move into the world of cryptocurrencies. BlackRock plans to use Coinbase Custody for the ETF, alongside the crypto exchange's spot market data for pricing.
Bitcoin Price Drops Amidst Mixed Market Sentiment and Uncertainty, but Strong Support Near $26,750 Suggests Possible Bullish Reversal
Bitcoin's value has decreased by 4.50% in the past week due to mixed market sentiment, highlighting its volatility and sensitivity to various factors. BlackRock CEO Larry Fink has expressed concern that the US is putting the status of the dollar as a reserve currency at risk due to destabilizing factors such as the debt limit dispute and potential national default.
BlackRock CEO Says U.S. Debt Ceiling Drama Erodes Global Trust in Dollar, Could Boost Bitcoin
Blackrock CEO Laurence Fink has stated that the recent drama surrounding the US debt ceiling has damaged global trust in the US dollar, potentially benefiting Bitcoin. Fink made these comments as US lawmakers passed a bill to lift the $31.4tn debt ceiling on 1 June.
BlackRock Fund Withdraws $1.98M from Binance, Faces Restrictions from Westpac and FTX Lawsuit
BlackRock Fund has moved 1.27T $PEPE ($1.98M) from Binance to four newly created addresses after making a profit of $2.39M (10x) on $PEPE. Westpac Bank in Australia has banned its customers from trading with Binance, and Binance Australia customers can no longer use PayID to transfer Australian dollars into their accounts due to restrictions placed on the exchange. Additionally, FTX has filed a lawsuit against Sam Bankman-Fried.
BlackRock Withdraws $1.98 Million Worth of PEPE from Binance, Sparking Speculation Among Investors
The rise of PEPE has sparked renewed interest in memecoins among investors, even as bitcoin's rally has stalled. Investment giant BlackRock recently withdrew 1.27 trillion PEPE (worth approximately $1.98 million) from Binance to four addresses, which are believed to have been created by the American investment company.
BlackRock CEO Fink trains successors, with no imminent plan to retire
BlackRock CEO Larry Fink has been preparing five potential successors for his role, according to the Wall Street Journal. Fink and President Robert Kapito have been training the candidates for "The Great Race" to choose a successor, which Fink has described as his "No. 1 priority". The contenders are Mark Wiedman, Rob Goldstein, Martin Small, Rachel Lord, and Salim Ramji. Fink did not give a specific timeline for his retirement, but stated that he would prefer not to be at BlackRock in his late 70s.
Tether Holdings Limited Publishes Q1 2023 Assurance Report, Reveals Increase in Excess Reserves and Net Profit Surpassing BlackRock
Tether Holdings Limited, the issuer of the world's largest stablecoin, USDT, has released its Q1 2023 Assurance Report, which has been attested to by BDO Italia, a top five-ranked global independent public accounting firm. The report confirms the accuracy of Tether's Consolidated Reserves Report (CRR), which details the assets held by the group as of March 31, 2023. The report reveals an increase in Tether's excess reserves, reaching an all-time high of $2.44 billion, up from $1.48 billion in the previous quarter. Tether's success in Q1 2023 is evident, with its reserves' surplus reaching an all-time high of $2.44 billion and net profits for the quarter of $1.48 billion.
Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States.
BlackRock to Sell $114 Billion of Defunct Bank Securities
BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month.
