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Fox News reports that BlackRock is confident that the SEC will approve its Spot Bitcoin ETF by January. Fox Business Network’s Charles Gasparino shared the report today. The news comes after the $9 trillion asset management firm registered for an Ethereum Trust in Delaware. JUST IN: BlackRock is confident the SEC will approve its Spot #Bitcoin ETF by January, Fox News reports. — Watcher.Guru (@WatcherGuru) November 9, 2023 BlackRock has been one of many financial institutions seeking to bring the first Spot Bitcoin ETF to the US. It is one of the most highly publicized pending applications along with Grayscale. The SEC still holds multiple different Bitcoin ETF applications, however, BlackRock is reportedly certain that its application will be clear to move forward by January 2024. Upon approval, it’s not certain what a timeline will look like for the institution’s ETF to take effect. Source: CryptoSlate Also Read: BlackRock Registers Eth...

XRP is currently the best-performing crypto among the top 10 projects, rallying by 3.1% in the last 24 hours. Some attributed the latest rally to an update coming to the XRP Ledger. The upgrade will integrate an automated market maker and a clawback feature. However, online rumors about BlackRock shifting its focus from Bitcoin (BTC) to XRP, may have also played a hand. XRP-focused X handle, “JackTheRippler,” posted that BlackRock may be reconsidering its stance on Bitcoin (BTC). He added that the world’s largest asset manager might be “eyeing alternatives like XRP.” 🚨RUMORS: Big Financial Giants like “BlackRock” may be reconsidering their stance on #Bitcoin and may be eyeing alternatives like #XRP! 👀🔥 pic.twitter.com/88HgHmXj5v — JackTheRippler ©️ (@RippleXrpie) September 14, 2023 A similar post was shared by “WallStreetBulls,” who questioned if we are “witnessing a shift...

Over the past two months, crypto -related exchange-traded product in flows have registered a sharp spike. Data from MorningStar revealed that ETP s based in Europe noted a net inflow of €150 million [$162.1 million] in June. This turned out to be the best month for ETP s since March 2022. July’s net in flows dropped to €60 million [$64.8 million]. Nevertheless, the two back-to-back months of positive flows came on the heels of the €100 million [$108 million] of out flows registered in May 2023. As far as the top-performing ETFs were concerned, the report highlighted, “Morningstar data reveals that it was WisdomTree Blockchain UCITS ETF USD Acc (WBLK) that topped the list of best performing ETPs in July, gaining 26% over the month. This was followed by another three ETFs exposed to digital assets and blockchain.” Source: MorningStar Also Read: FBI: Lazarus Group Might Sell $40 Million in Bitcoin BlackRock Application Positively Impacted ETPs: HANetf Exec...

Also Read: Will Ethereum Price Crash to $1,450? ETH DeFi TVL Shrinks by $7.84B in One Year advertisement In the third quarter of 2022, the asset manager stitched a partnership with US based crypto exchange Coinbase, which has recently been dragged into a legal tussle by the US Securities and Exchange Commission (SEC). In the latest initiative, Blackrock is extending the deal for its Bitcoin ETF plans. What BlackRock Bitcoin ETF Will Mean For Financial Markets Blackrock enjoys widespread influence across all sectors and around the globe, like no other asset manager. This will likely put the BlackRock Bitcoin ETF initiative at a crucial place in terms of taking the crypto adoption to the next level, which needs global level support from various governments. Hence, the ETF plan should be working strategically well for the Crypto Market growth. The Blackrock ETF will be using Coinbase Custody and the exchange’s spot market data, the report said. ...