Celsius

Bitcoin ETF

Bitcoin

BlackRock

<div class="finbold">
 <p class="paragraph">In the first year of the ‘crypto winter,’ pension funds – specifically Canadian pension funds – found themselves making headlines in various crypto outlets as they ended their cryptocurrency forays either before they began in earnest or after suffering major losses as companies like Celsius collapsed.</p>
 <p class="paragraph">Things have quieted down since for large institutional investors – at least with regard to the crypto markets – albeit with some exceptions, such as Vanguard’s acquisition of a large stake in Bitcoin (BTC) miners.</p>
 <p class="paragraph">This year, however, brought a massive change to the dynamic as in January, after years of waiting, the Securities and Exchange Commission (SEC) approved 9 spot Bitcoin exchange-traded funds (ETFs), seemingly opening the floodgates for crypto-wary investors to gain exposure using familiar vehicles.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    BlackRock Bitcoin ETF has its first day of outflows <span class="self-center text-xs text-slate-500">50 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    7% of U.S. Banks at risk of failure, warns major Consulting firm <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    AI predicts Ethereum price for May 31, 2024 <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Buy Alert: Technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> hints Bitcoin bloodbath is over <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-blackrock-foresees-massive-institutional-investors-trading-btc-etfs">BlackRock foresees massive institutional investors trading BTC ETFs</h2>
 <p class="paragraph">According to BlackRock’s head of digital assets, Robert Mitchnick, the <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> <a rel="noopener noreferrer nofollow" title="giant" href="https://thebittimes.com/tag/giant.html">giant</a> now expects BTC ETFs to see the coming of massive new and returning investors – Pension Funds, Sovereign Wealth Funds, and Endowments.</p>
 <p class="paragraph">As of May 2024, BlackRock is reportedly playing the role of an educator for such institutional investors in hopes of attracting them to Bitcoin exchange-traded funds and is seeing a general resurgence in interest from such entities.</p>
 <p class="paragraph">At the time of publication, BlackRock operates tha second-largest Bitcoin ETF – the iShares Bitcoin Trust (IBIT) – which boasts approximately $17 billion in assets under management (AUM).</p>
 <p class="paragraph">The financial <a rel="noopener noreferrer nofollow" title="giant" href="https://thebittimes.com/tag/giant.html">giant</a> is also working on closer relations with sovereign wealth funds – specifically the Saudi Arabian sovereign wealth fund – albeit, at this stage, unrelated to the world’s premier cryptocurrency and is reportedly setting up the BlackRock Riyadh Investment Management (BRIM).</p>
 <h2 class="wp-block-heading" id="h-headwinds-or-tailwinds">Headwinds or tailwinds?</h2>
 <p class="paragraph">While the approval of the ETFs certainly brought benefits for institutional Bitcoin adoption, the cryptocurrency’s continued volatility could still present a major roadblock for entities such as pension funds.</p>
 <p class="paragraph">Indeed, the world’s premier cryptocurrency has been experiencing significant fluctuations in recent weeks as it has been trading in a relatively wide range between just under $57,000 and slightly over $70,000 without any guarantees about its forthcoming trend – though recent technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) hints at an imminent rally.</p>
 <p class="paragraph">Still, the risks may ultimately not turn away major investors and traders as evidenced by two significant wealth managers&nbsp; – Legacy Wealth Management and United Capital Management of Kansas – recently disclosing substantial stakes in BTC ETFs.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/10-trillion-investment-giant-outlines-tomorrow-s-bitcoin-bulls-tbt87241.html">https://thebittimes.com/10-trillion-investment-giant-outlines-tomorrow-s-bitcoin-bulls-tbt87241.html</a></p>

$10 trillion investment giant outlines tomorrow’s Bitcoin bulls

Table of Contents

TheBitTimes

Alte articole publicate pe 2 mai 2024

Traders on Edge as Chainlink Nears $12.24 Support: Bullish Reversal Imminent?

Universal Music Group and Tiktok Reach Deal to Bring Artist Back

Top Crypto Swap Platforms in 2024

How Does the US Combat Ransomware Criminals?

DOGE Price Prediction – Dogecoin Reaches Make-or-Breaks Levels

Bitcoin price correction ‘very common’ if $56K lows hold — Peter Brandt

Join our free newsletter for daily crypto updates!