Bitcoin ETF

Bitcoin

BlackRock

<p class="is-style-lead">Investment giant BlackRock has filed a new application with the U.S. Securities and Exchange Commission (<a href="https://crypto.news/tag/sec/" target="_blank" rel="noreferrer noopener">SEC</a>) to buy more Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) ETFs.</p> 
<p>According to an updated <a href="https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1738078/000119312524057885/d718346d497.htm" target="_blank" rel="noreferrer noopener">filing</a> on the regulator’s website, <a href="https://crypto.news/tag/BlackRock/" target="_blank" rel="noreferrer noopener">BlackRock</a> wants to buy more Bitcoin ETFs for its Strategic Income Opportunities Fund.</p> 
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 <p>“The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of bitcoin by directly holding bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.”</p> <cite>BlackRock filing</cite>
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<p>BlackRock’s fund, listed under the ticker symbol IBIT, is currently considered the best-performing fund on the market. It accounts for about half of the total trading volume of spot BTC-<a href="https://crypto.news/tag/etf/" target="_blank" rel="noreferrer noopener">ETFs</a> on the market. According to data from March 5, BlackRock IBIT’s trading volume reached $2.4 billion, and assets under management (AUM) exceeded $11 billion.</p> 
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   <p lang="en" dir="ltr">Confirmed: today was second biggest volume day for the Ten at about $5.5b. <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$IBIT</a> alone did $2.4b of it and has crossed $11b in aum. Each of them is up over 30% in 6 days, which will prob help keep flow ball rolling. Getting a bit of ARK Mania deja vu. <a href="https://t.co/BDRYVPBk34" target="_blank">pic.twitter.com/BDRYVPBk34</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1764763178368463267?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 4, 2024</a>
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<p>The fate of an Ethereum (<a href="https://crypto.news/price/Ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) ETF remains unknown. On March 4, the SEC again <a href="https://crypto.news/sec-postpones-decision-on-blackrock-and-fidelitys-ethereum-spot-etf/" target="_blank" rel="noreferrer noopener">postponed</a> its decision on the application for the issue of Ethereum-ETF, submitted by BlackRock in November 2023. The commission said it would conduct further analysis of the proposed rule change to determine whether it complies with the Securities Act, which, among other things, establishes national exchange rules on securities.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-etf-blackrock-brazil/"> BlackRock to launch Bitcoin ETF in Brazil </a> </p>

BlackRock seeks to purchase more Bitcoin ETFs

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