Wednesday

Bitcoin

Spot

BlackRock, the world's largest money management firm, is awaiting approval from the Securities and Exchange Commission (SEC) for its new Bitcoin spot ETF on Wednesday, according to sources from cryptocurrency journalist Charles Gasparino. 
Other companies are also awaiting approval on the same day, according to Charles Gasparino. Wednesday is already known as the SEC's final decision date, and BlackRock sources have stated that they do not expect an approval before the final decision date. 
Related News: <a href="https://en.bitcoinsistemi.com/5-major-altcoin-whales-made-large-scale-trades-today-heres-the-on-chain-data/" target="_blank" rel="dofollow">5 Major Altcoin Whales Made Large-Scale Trades Today: Here's the On-Chain Data</a> 
The news comes amid reports of impending layoffs within the company. BlackRock plans to announce layoffs in the coming days that will affect about 3 percent of its global workforce, or about 600 employees. These layoffs, which have not yet been reported, are being described as routine within the company, according to a source familiar with the matter. Last year, BlackRock conducted a similar round of layoffs based on employee performance metrics. 
BlackRock finished the third quarter of 2023 with $9 trillion in assets under management (AUM). However, the company has experienced significant asset declines since reaching a peak of over $10 trillion in 2022 due to volatile financial markets. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/senior-journalist-charles-gasparino-reveals-the-date-blackrock-expects-approval-for-bitcoin-spot-etfs/">Senior Journalist Charles Gasparino Reveals the Date BlackRock Expects Approval for Bitcoin Spot ETFs</a>

Senior Journalist Charles Gasparino Reveals the Date BlackRock Expects Approval for Bitcoin Spot ETFs

Bitcoin Sistemi EN

Other articles published on Jan 6, 2024

SHIB Rewards: 85 Million SHIB to Be Given to Stakers in Next 4 Months — Shiba Inu Rep

Spot Bitcoin ETF: SEC Posts Scoffing Remarks Amid Approval Sprint

Weekly Analysis: BTC, ETH, ICP, TIA, ARB

Solana Surpasses October 2022 Peak in Daily Transaction Volume

Indian crypto exchanges see record surge following FIU crackdown

Surge in Large Bitcoin Transactions Signals Excitement in Crypto World

Join our free newsletter for daily crypto updates!