BlackRock updates its application to launch spot bitcoin exchange-traded fund in the US
Language about monitoring asset prices and anti-money laundering appeared in the documents
05.12.2023 - 14:30
274
2 min
0
What’s new? Investment firms BlackRock and Bitwise have filed updated applications to launch spot bitcoin exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). Although the regulator has not yet allowed any such products to enter the market and has already repeatedly delayed the deadlines for ruling on the applications, Bloomberg analysts positively view such news.
What else is known? After analyzing the published filings, Bloomberg analyst James Seyffart concluded that the SEC is giving companies the same or at least very similar instructions on how exchange-traded products should be designed.
For example, BlackRock’s updated filing adds a passage about how the ETF manager intends to monitor suspicious price movements in the bitcoin market to counteract manipulation. Also, the filing now includes language about anti-money laundering compliance obligations.
Investors have poured $1,76 billion into cryptocurrencies in 10 weeks
The indicator has reached its maximum since October 2021
Fidelity, ARK Invest, VanEck, WidsomTree, Invesco, Valkyrie, and Grayscale are also awaiting approval of applications to launch spot BTC-ETFs. The latter has earlier started the process of updating the user agreement of its GBTC, which is planned to be converted into an exchange-traded fund.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 220
BTC
-0.57%
-
Ethereum
$3 106.88
ETH
-1.11%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.08
XRP
-2.43%
-
Dogecoin
$0.366245
DOGE
-0.19%
-
Cardano
$0.714548
ADA
-4.32%
-
Bitcoin Cash
$441.45
BCH
-7.47%
-
Polkadot
$5.63
DOT
-5.71%
-
Litecoin
$88.23
LTC
-5.91%
-
Stellar XLM
$0.205844
XLM
-2.74%