BlackRock’s spot Bitcoin ETF launch was highlighted in an interview with CEO Larry Fink on CNBC. Fink, who had previously expressed skepticism about Bitcoin, now views it as a viable asset class, though not a potential currency. This change of stance aligns with BlackRock’s broader strategy of embracing technological advancements in the financial sector, mainly The post BlackRock CEO’s crypto pivot continues, turns bullish on tokenization to eliminate ‘corruption’ appeared first on CryptoSlate.

Grayscale has begun moving Bitcoin out of its trust and sending it to Coinbase as of 2 p.m. GMT, Jan. 12. A total of 4,000 BTC (roughly $200M) has been sent as of press time, with all Bitcoin going to Coinbase Prime, one of the key participants in the series of Bitcoin ETFs launched yesterday. The post Grayscale transfers $200M Bitcoin to Coinbase Prime hinting at possible ETF redemption activity appeared first on CryptoSlate.

On a sure-to-be historic day for Bitcoin, I spent the morning looking back at historical data to see how impactful the first Gold ETF was at the time. We’ve seen plenty of analysts, including our own, talk about how Gold ETFs changed the landscape for the commodity, leading to outsized gains over the proceeding 20 The post Prediction: Bitcoin ETF will now dwarf gold performance based on historical data appeared first on CryptoSlate.

Blackrock has dropped its ongoing fee for its proposed spot Bitcoin ETF to just 0.25% with a promotional offer of 0.12% for the first $5 billion in assets, or twelve months, in an updated S1 filing submitted early Jan. 10. “The Sponsor’s Fee is accrued daily at an annualized rate equal to 0.25% of the The post Blackrock drops ETF fee to just 0.12% for first $5B in assets, 0.25% ongoing appeared first on CryptoSlate.

UPDATE: Gary Gensler announced on Twitter the SEC account was compromised and the ETFs have NOT been approved yet. The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. — Gary Gensler (@GaryGensler) January 9, 2024   The SEC The post The SEC announces Twitter account was compromised and ETFs have not been approved appeared first on CryptoSlate.