Institutions Are Falling Back in Love with BTC

Featured Story

train-2181576_1280

Bankless Writer: Jack Inabinet | disclosures

Over a dozen asset managers have sought the SEC’s regulatory blessing to launch some form of spot Bitcoin exchange-traded fund (ETF) over the years, but thus far, applicants have been met with little more than silence or rejection.

Just last week, however, BlackRock, the world’s largest asset management firm with over $9 trillion in AUM and a nearly impeccable ETF approval record, added its name to this list. Renewed hope has emerged that the spot BTC ETF status quo may be about to change and BlackRock’s proposed ETF is viewed by many as having a legitimate chance of gaining the SEC’s approval.

Markets are now signaling that BlackRock's application has increased the likelihood of other spot BTC ETF approvals. The market discount to net asset value (NAV) of the Grayscale Bitcoin Trust (GBTC) serves as a barometer for the likelihood of spot BTC ETF approval for them. Currently, this discount sits at a 2023 low of 33.5%.

via The Block

Today, we’re exploring the SEC concern that has held up every previous spot Bitcoin ETF application, discussing whether we just saw the next chapter of Operation Choke Point 2.0 play out, and answering the one question every degen is asking.  Story


Granite-Ridge-White-Large-1

Be gentle with your skin. Our soaps are kind to your skin and create a creamy, silky lather that is nourishing. Small batches are made by hand. We only use the best natural ingredients. There are no chemicals, phthalates, parabens, sodium laurel sulfate, or detergents. GraniteRidgeSoapworks

Use the code HNEWS15 to receive 15% off your first purchase.

Don't Miss

2/20/24:JPMorgan Says Its “Trading Venues” Are Under Investigation While It’s Still on Probation for Prior Trading Crimes

By StevieRay Hansen

By Pam Martens and Russ Martens: Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019) Last Friday, ahead…

Loading

Read More

2/19/24: Jamie Dimon Is Desperate to Pin the Jeffrey Epstein Scandal on Jes Staley; Bloomberg News Is Carrying His Water — Again

By StevieRay Hansen

By Pam Martens and Russ Martens: February 16, 2024 ~ Jeffrey Epstein (left); Jamie Dimon (right). After hurling salacious allegations for months against Jes Staley in a…

Loading

Read More

2/16/24: Banks Are Being Rocked Again as Real Estate Losses Mount

By StevieRay Hansen

By Anna Cooban, CNN 4 minute read London CNN  —  Nearly a year on from a banking crisis that led to the collapse of three…

Loading

Read More

2/15/24: Citigroup Is Having a Very Bad Week; Regulators Are Breathing Down Its Neck

By StevieRay Hansen

By Pam Martens and Russ Martens: Sanford (Sandy) Weill, the Man Who Walked Away from Citigroup a Billionaire Before Its Collapse At the exact moment that the…

Loading

Read More

2/14/24: Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks

By StevieRay Hansen

By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash…

Loading

Read More

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Comment