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BLACKROCK'S BITCOIN ETF FIRST TO REACH $B IN AUM CoinDesk: The fund now holds nearly 50,000 bitcoin after adding almost another 4,300 tokens on Thursday. The BlackRock iShares Bitcoin ETF (IBIT) on Friday became the first of the recently launched spot bitcoin products to reach $2 billion in assets under management (AUM). This doesn't include Grayscale's GBTC, which had nearly $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF. Investors added about $170 million to IBIT on Thursday, with the fund purchasing nearly another 4,300 bitcoin (BTC), pushing total tokens held to 49,952. With the price of bitcoin rising well above the $40,000 level early Friday, that brought AUM to above $2 billion. Now with over $2 billion in AUM, the fund ranks third in asset gathering among all of the more than 600 ETFs that launched in the past year, noted ETF Store president Nate Geraci, who believes IBIT could soon take over the crown as number one. The next fund to cross the $2 billion mark is likely to be Fidelity's Wise Origin Bitcoin Fund (FBTC), which held just shy of 44,000 bitcoin as of Jan. 25. https://lnkd.in/gUyX4Xqp.. #crypto #fashion #metaverse #finance #investment

A new report from Bitwise has estimated the size of the #Ethereum ETF market. The report states that Bitwise expects the size of the Ethereum #ETF market to be proportional to the relative market caps of #Bitcoin and Ethereum. The report also notes that it expects the market to reach this size in 18 months. Prospective issuers’ latest S1 filings indicate they expect to be approved for listing in the first week of July. You can read the full story here - https://lnkd.in/em3t32wd

Here's everything you need to know about Bitcoin ETFs: Listing, fees and more The SEC's approval of 11 proposed spot Bitcoin ETFs on January 10 marks a significant milestone, affirming the growing acceptance and legitimacy of Bitcoin in traditional financial markets. This development follows BlackRock's filing of an S-1 with the SEC in June 2023, signaling the initiation of the approval process. “We have been adamant that a spot Bitcoin ETF approval would be the single most important catalyst for Bitcoin in the near term,” analysts at Cantor Fitzgerald said. “In our view, an approved spot ETF boosts Bitcoin's accessibility, credibility, and network effects. We view today's approval as a landmark milestone in Bitcoin's short history, with substantial implications for long-term price appreciation.” Here’s everything you need to know about Bitcoin ETFs

BlackRock among others is gearing up for the launch of the first-ever spot Bitcoin ETF in the United States. The firm has reportedly secured $2 billion of capital to be routed to its ETF from existing Bitcoin holders in the initial trading sessions, and plans to acquire BTC based on the demand its iShares spot Bitcoin ETF attracts. The firm's preparations come as the US SEC faces a deadline on January 10, 2024, to deliver a decision on the approval of all Bitcoin ETF filings: Valkyrie Bitcoin Frontier Fund BitWise Grayscale Investments Hashdex Invesco US Galaxy VanEck WisdomTree, Inc. Fidelity Investments Franklin Templeton and ARK Investment Management LLC 21Shares. BlackRock is poised to take advantage of what could be a major milestone in the crypto world 🌍 . Probably a major topic for next week in #wef #Davos. #Blackrock, #Crypto, #Cryptocurrency, #SEC, #spot #bitcoin #etfs #blockchain World Economic Forum https://lnkd.in/ef4RxyAf

🌐Bitwise Strategy Director: BlackRock Bitcoin Spot ETF Could Trigger Surge 🔔 Jeff Park (https://lnkd.in/gAcjgUR5 Bitwise Alpha believes SEC approval of BlackRock’s Bitcoin spot ETF options will lead to a massive price surge due to Bitcoin’s unique characteristics and regulated market synergy. 🔔 This approval marks a breakthrough, allowing #Bitcoin to be "partially banked" via ETF options, overcoming limitations in leverage creation and enabling exponential growth in synthetic exposure. 🔔 Bitcoin’s rising volatility during price increases could trigger a gamma squeeze, forcing short sellers to buy at higher prices, creating explosive upward momentum. 🔔 In summary, this regulated leveraged market for #Bitcoin could lead to unprecedented growth, though its decentralized nature prevents a complete shutdown, unlike traditional markets. LINK (https://lnkd.in/ghvpvqxe)

Solana’s prospects for an exchange-traded fund (ETF) have taken a hit as forms for VanEck and 21Shares Solana ETFs were removed from the Chicago Board Options Exchange (CBOE) website. 𝗥𝗘𝗔𝗗 𝗧𝗛𝗘 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 👉 https://lnkd.in/dQE7wBiQ #solana #crypto #finance #etf #cryptocurrencies #bitcoin

Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable week, with net inflows topping $2.2 billion from February 12 to February 16, marking the highest among all 3,400 ETFs in the U.S. market. BlackRock’s IBIT led the charge, securing $1.6 billion in capital, a significant portion of BlackRock’s total ETF flows for the year, according to Bloomberg analyst Eric Balchunas. #bitcoin #ETFs #inflows #pricesurge https://lnkd.in/gNYGGx4e

📊 🌎 BlackRock, the global asset management giant, has announced the extension of its Bitcoin ETF, the iShares Bitcoin Trust (IBIT), into the Brazilian market. More info 👇 👍 Like 🔄 Repost 🔖 Follow #blockchain #technology #management #innovation #sustainability #crypto #bitcoin #ethereum #business #future #markets #startups #economy #investing #sec #web3 #etf #blackrock https://lnkd.in/eddfrvmQ

BlackRock is recognized as one of the leading global investment management companies and receives positive evaluations for several reasons: 1. **Scale and Influence**: BlackRock is one of the largest asset management firms globally, boasting significant scale and influence. This positions the company as a key player in global markets, providing investors with stability and trust. 2. **Expertise and Diversity**: BlackRock possesses expertise across various asset classes and investment specialties. Offering a range of portfolio products, including equities, bonds, and alternative investments, BlackRock provides investors with diverse choices. 3. **Technology and Innovation**: BlackRock pays close attention to technology and innovation, securing expertise in digital asset management and technology investments. This adaptability is crucial in the rapidly changing financial industry, contributing to the company's growth. 4. **ESG (Environmental, Social, Governance) Investing**: BlackRock demonstrates a strong commitment to ESG investing. Prioritizing social responsibility and sustainable investments, the company receives positive recognition within the investment community. 5. **Investor Education and Research**: BlackRock dedicates effort to investor education and research, aiding investors in making better-informed investment decisions. This commitment contributes to building positive relationships with investors. 6. **Financial Technology Platform Aladdin**: BlackRock owns Aladdin, a financial technology platform that integrates various functions, including asset management, risk management, and trading. This platform provides customers with effective and integrated services. For these reasons, BlackRock receives high evaluations within the global investment community. Many investors rely on BlackRock's expertise and stability, making it a trusted name in the investment industry.