Solana

Bitcoin ETF

BlackRock

<a href="https://bitcoinworld.co.in/blackrock-ready-to-request-the-etf-on-solana-next-month/" title="BlackRock Ready To Request The ETF On Solana Next Month" rel="noopener noreferrer nofollow"></a>
According to the latest crypto news, <a href="https://bitcoinworld.co.in/vanguard-hires-former-blackrock-ishares-exec-salim-ramji-as-ceo/" rel="noopener noreferrer nofollow">BlackRock</a> is ready to request for the ETF on Solana (SOL) next month, a move that could mark an important step for the cryptocurrency and for the blockchain ecosystem in general.&nbsp;
<h3 id="span-style-font-weight-400-blackrock-continues-to-push-the-adoption-of-crypto-the-etf-on-solana-span">BlackRock Continues To Push The Adoption Of Crypto: The ETF On Solana&nbsp;</h3>
In recent years, BlackRock has shown a growing interest in the world of criptovalute. Recently, the news that the financial giant is ready to apply for an ETF on Solana has sparked a great buzz in the market.
The possible approval of an ETF on SOL, in fact, would represent a further step towards the mainstream adoption of cryptocurrencies.
Furthermore, the move towards an ETF on Solana could be seen as a strategy to diversify the offerings and attract a broader audience of investors.
Solana, with its high-speed blockchain and reduced transaction costs, has gained notable popularity among developers and investors.&nbsp;
The introduction of an ETF on Solana by BlackRock could not only increase the legitimacy of this cryptocurrency, but also stimulate further investments and developments in its ecosystem.
In summary, the potential request for an ETF on Solana by BlackRock could represent a significant turning point for the cryptocurrency market, once again highlighting the growing importance of this sector in the global financial landscape.
<h3 id="span-style-font-weight-400-the-bitcoin-etf-by-blackrock-surpasses-300-000-btc-in-aum-span">The Bitcoin ETF by BlackRock surpasses 300,000 BTC in AUM</h3>
In the meantime, the exchange-traded fund IBIT spot of Bitcoin by BlackRock has surpassed 300,000 BTC (21 billion dollars) in assets under management, five months after the start of trading on January 11.
The Bitcoin ETF by BlackRock has now accumulated 302,534 BTC, according to its fund page, with about 4,920 BTC of net inflows yesterday that pushed it past the milestone.&nbsp;
IBIT has surpassed GBTC by Grayscale in terms of asset under management (AUM) last week, capturing the product that had an advantage over the other spot Bitcoin ETFs in assets.
GBTC originally operated as a private placement fund before transitioning to public trading on the OTC market in 2015 and its final conversion to an ETF in January.&nbsp;
GBTC charges a much higher fee compared to its competitors – 1.5% compared to the current 0.25% fee for IBIT by BlackRock.&nbsp;
His holdings in Bitcoin post-conversion have decreased by about 54% from approximately 619,220 BTC to 285,651 BTC, according to the fund’s disclosures as of Thursday.
However, given the concurrent increase in the price of bitcoin since the launch of spot ETFs, the assets under management of GBTC in US dollars have decreased less, falling by 30% from a value of 28.7 billion dollars on January 11 to 20 billion dollars at current prices.
According to the <a href="https://www.coinglass.com/" rel="noopener noreferrer nofollow">data</a> from CoinGlass, the combined assets held by all US spot bitcoin ETFs are now nearly 883,000 BTC (63 billion dollars), which is 4.2% of the total supply of 21 million bitcoin.
<h3 id="span-style-font-weight-400-the-usa-bitcoin-etfs-record-inflows-span">The USA Bitcoin ETFs Record Inflows&nbsp;</h3>
Finally, in the last week, the US spot Bitcoin ETFs reached a record of net inflows for 18 consecutive days.&nbsp;
Adding another 217.7 million dollars to the funds, during a week that saw almost 1.7 billion dollars of net inflows.
The IBIT of BlackRock led yesterday’s net inflows with 349.9 million dollars, while the GBTC of Grayscale recorded net outflows of 37.6 million dollars.&nbsp;
Although daily inflows into spot Bitcoin ETFs have returned to record levels this week, the volume remains significantly lower than the peak of $9.9 billion on March 12, generating $1.4 billion in trades.
<blockquote>
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BlackRock Ready To Request The ETF On Solana Next Month

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