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
Gallup Poll: Confidence in U.S. Banks Stood at 60 Percent in 1979. Today, It Stands at 26 Percent
The polling organization, Gallup, conducted a survey between June 1-22 to update its annual poll that measures the confidence that Americans have in key U.S.…
Us Inflation Cools, Spending Stagnates as Economy Loses Steam
The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The…
What Is Happening In the U.S. Today
What Is Happening In the U.S. Today Posted by Phoenix Capital Research By Graham Summers, MBA As I’ve noted in our last two articles, the…
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country.…
Court Orders Kraken to Turn Over History Transaction and Account Information to IRS,the IRS First Filed a Court Petition in February
By Nikhilesh De (CoinDesk archives) A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it…
