Featured Story
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%.
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
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
JPMorgan Chase Has Lost a Quarter Trillion Dollars in Deposits in Last 7 Quarters — Fortress Balance Sheet or Leaky Sieve?
BanksterCrime: By Pam Martens and Russ Martens: Jamie Dimon, Chairman and CEO of JPMorgan Chase On May 1, the Federal Deposit Insurance Corporation announced that First…
Alarm-Reporting Watchman There May Be So-Called “Forever Chemicals” in as Much as Half of the Nation’s Tap Water
HNewsWire: The study by the U.S. Geological Survey tested for the presence of 32 types of PFAS from samples taken from 716 locations-269 private wells and…
Thai Hookers, Chinese Bribes: ‘Star Witness’ Ellison Unveils Chaos Behind FTX’s Fake Balance Sheets
BanksterCrime: by Tyler Durden What would a second day of testimony in the FTX trial for Caroline Ellison have been without mentions of identity theft…
Megabanks Like the Big Four in the United States Produce Financial Instability and More Severe Crises, Big Bank Collapse Coming
BanksterCrime: By Pam Martens and Russ Martens: It took eight years of research to compile a data set of annual balance sheets of more than 11,000…
After Getting the Largest Bailout in U.S. History in 2008, 85.5 Percent of the $1.34 Trillion in Deposits at Citigroup’s Citibank Lack FDIC Insurance Today
BanksterCrime: By Pam Martens and Russ Martens: Jane Fraser, Citigroup CEO As evidenced by the speech that the FDIC Chair, Martin Gruenberg, delivered at a conference…
