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Summary ⚈ BlackRock added 41,452 BTC worth $3.92 billion to its iShares Bitcoin Trust ETF. ⚈ Bitcoin’s network activity hit a six-month high with rising investor engagement indicators. ⚈ Standard Chartered predicts BTC could reach $200,000 by year-end amid bullish sentiment. The world’s largest asset manager, BlackRock, has added more than 40,000 Bitcoins (BTC) to its BTC exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT). More exactly, the multinational investment company has bought 41,452 BTC, worth roughly $3.92 billion, per findings from crypto on-chain analytics platform Lookonchain shared through a May 6 X post. BlackRock(iShares Bitcoin Trust ETF) has bought 41,452 $BTC($3.92B) over the past 2 weeks, bringing its total holdings to 614,639 $BTC ($58.07B).https://t.co/kqNUqHAL3P pic.twitter.com/KDfMIAVlRJ — Lookonchain (@lookonchain) May 6, 2025 BlackRock’s purchases have established a strong level of institutional demand at sub-$...

Leading investment bank Standard Chartered recently published a five-year Bitcoin forecast. The global bank remains bullish on BTC’s prospects and predicts its price could sustainably scale up in the indices. Analysts wrote that accumulating Bitcoin at its current price of $100,000 is as good as buying the dips. Institutional funds are accumulating BTC in droves despite the digital asset hovering around its all-time high. Also Read: Most Used Currencies in the World: SWIFT Data The US Securities and Exchange Commission (SEC) approved the Bitcoin ETF in March last year. The move allowed trillion-dollar investment funds like BlackRock, Fidelity, VenEck, and Grayscale, among others to invest in the cryptocurrency. The influx of new investments pushed BTC to climb above the $100,000 mark in 2024. Taking all things into consideration, Standard Chartered has now forecasted a five-year target for Bitcoin. Also Read: Solana (SOL) February 2025 Price Prediction Bitcoin: 5-Year Price Target...

Cryptocurrency asset management firm Hashdex has filed a joint Spot Bitcoin and Ethereum ETF application with the US Securities and Exchange Commission (SEC) today. Indeed, Bloomberg ETF analyst James Seyffart reported the filing, noting that it “makes a lot of sense.” The application will face a deadline for approval with the SEC in March 2025, Seyffart reports. Additionally, he notes that the filing includes language that would “allow the addition of other digital assets essentially as they are approved by the SEC.” Update: A dual Ethereum and # Bitcoin ETF filing from @hashdex just dropped. Will be market cap weighted. Shouldn't be a surprise to anyone — makes a lot of sense. Final deadline for SEC approval should be sometime around the first week of March 2025 pic.twitter.com/5wB7ucvbgM — James Seyffart (@JSeyff) June 18, 2024 Also Read: Australia’s Largest Stock Exchange Approves 1st Spot Bitcoin ETF Hashdex Files J...

The Spot Bitcoin ETFs have played an elemental role in accelerating the bull run fever. With capital inflows amounting to billions, Bitcoin ETFs have triggered BTC to ascend to new all-time highs.  These ETFs have paved the way for investors to explore new alternatives. in a new turn if events, a recent development has caught the market’s eye. BlackRock’s IBIT ETF has accumulated a whopping $7 billion in just seven weeks.  Recent metrics showed how BlackRock’s IBIT ETF surpassed GOLD ETFs in terms of popularity. Similarly, several analysts on X were quick to draw comparisons, stressing how it took two years for GOLD ETF to cross the $7 billion threshold.  Also Read: Grayscale Files For A Privacy-Focused ETF with the SEC Can Bitcoin ETFs dethrone Gold’s supremacy? Source: Pintrest Per Bloomberg analyst Eric Balchunas, BlackRock’s IShares Bitcoin Trust ETF has smashed a historic record.  Balchunas shared how the trust has ...

SEC says hacker that compromised its X account used a “SIM swap” attack. The unauthorised access had seen the hacker publish a fake spot Bitcoin ETFs approval announcement. Investigations into the breach are ongoing, but SEC says its 2FA feature had been disabled at the time of the compromise. The US Securities and Exchange Commission ( SEC ) has confirmed that the hack on the agency’s X account , and the resulting “fake approval” of spot Bitcoin ETF s, happened after an apparent “SIM swap.” According to the SEC, the attacker used a cell phone number linked to the agency’s X account. The unauthorised entity accessed the phone number via a telecom carrier the SEC uses, and not from the regulator’s system. However, the SEC notes that at the time of the hack, two factor authentication (2FA) for the social media account was disabled. In a press release , the SEC said 2FA for its X account had been disabled s...

Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs. President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed products. The South Korea n president ’s office has urged the Financial Services Commission (FSC) to reassess its stance on the trading of the recently approved spot Bitcoin ETF s. Earlier this month, the Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETFs – the nod coming a decade after the first application. But only a day after the ETFs hit the market, the FSC released a statement warning local firms against providing access to the foreign-listed products. An official of the FSC had also noted that South Korea wasn’t looking to follow the US in allowing spot ETFs . Government urges FSC to review stance On Thursday, details in a local media outlet reve...

SEC approves spot Bitcoin ETFs: A historic moment for mainstream crypto integration. Bitwise and VanEck donate 10% ETF profits to Bitcoin development: Philanthropy meets finance. Meme Moguls emerges as the world’s first meme-backed stock market, aiming for 100x growth. After the US Securities and Exchanges Commission’s (SEC) spot Bitocin approval, Bitwise, a major asset management player, has declared its intention to donate 10% of the profits from its recently approved Bitcoin ETF, BITB, to the development of Bitcoin’s open-source ecosystem. Bitwise stated that its Bitcoin ETF $BITB would begin trading on 1/112024 with a 0% fee through 7/10/24 (on the fund’s first $1B in assets; 0.20% after). Today, we are thrilled to announce that the Bitwise Bitcoin ETF $BITB intends to begin trading on 1/11 with a 0% fee through 7/10/24 (on the fund’s first $1B in assets; 0.20% after). Read the full prospectus & risk disclosures: htt...

Key takeaways Bitcoin is trading above $46k as market experts expect the US SEC to approve a spot Bitcoin ETF soon. Bitbot’s presale is launching in a week and the project seeks to make trading easier for users.  The cryptocurrency market has been performing well over the last few hours, with Bitcoin trading above $46k. With the SEC expected to approve a spot Bitcoin ETF soon, BTC’s price could soar higher soon. Bitcoin could soar if the SEC approves a spot Bitcoin ETF Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well over the last few hours. At press time, the  price of Bitcoin stands at $46,239, up by more than 1% in the last 24 hours. BTC’s price could soar higher over the coming hours if the US SEC approves the spot Bitcoin ETF applications.  What is Bitbot?  With the bear market now over, trading volume across centralised and decentralised exchanges has massively incre...

A total of 11 asset management firms controlling trillions of dollars worth of investments have submitted their S-1 final amendments for Spot Bitcoin ETF . Reports suggest the U.S. Securities and Exchange Commission (SEC) could approve the Spot Bitcoin ETF this month in January 2024. There is a 95% probability that the Bitcoin ETF could be approved by the end of this week, reported Bloomberg. Also Read: US Dollar Index Falls Dangerously Low: Could Slip Below 100 JUST IN: Spot # Bitcoin ETF applicants submitted their final registration of securities amendments: • VanEck • Bitwise • Fidelity • Valkyrie • Franklin • ArkInvest • Grayscale • BlackRock • WisdomTree • Invesco Galaxy — Watcher.Guru (@WatcherGuru) January 8, 2024 The 11 asset management firms that have submitted their Spot Bitcoin ETF S-1- final amendments are BlackRock, Grayscale, ArkInvest, Fidelity, Franklin, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTr...

In a significant development within the cryptocurrency market, BlackRock, the world’s largest fund manager, recently engaged in discussions with U.S. Securities and Exchange Commission (SEC) officials regarding its application for a spot Bitcoin exchange-traded fund (ETF). The meeting, held on Nov. 20, centered on the intricacies of BlackRock’s proposed investment vehicle and the potential adoption of either an “in-kind redemption model” or an “in-cash redemption model.” As per an SEC memo released on Nov. 20, BlackRock provided a comprehensive overview of its iShares Bitcoin Trust. It presents options for implementing either an in-kind or in-cash redemption model. The specifics of the SEC officials’ response to these proposed models remain undisclosed. This further creates anticipation within the cryptocurrency community regarding the regulatory body’s forthcoming decision. This meeting serves as a pivotal step in the ongoing dialogue ...

The price of the first cryptocurrency could rise to $150,000 by January 2025 due to the approval of spot Bitcoin (BTC) ETFs in the United States. As reported by CNBC, citing a Bernstein forecast, the bullish estimate for digital gold quotes is almost five times higher than the current rates above $34,000, where the asset has consolidated after testing the $35,000 mark. The forecast is also more than double the all-time high of $69,000 achieved by the BTC in November 2021. Bernstein senior analyst Gautam Chhugani believes the SEC will approve the first Bitcoin ETFs in early 2024. This product will allow ordinary investors to access cryptocurrency directly from their investment portfolios. According to the expert, as a result, Bitcoin funds will accumulate up to 10% of the total supply of digital gold. So far, the only such instrument on the market is Bitcoin Trust (GBTC) from Grayscale, which accounts for about 3% of the issue. “A good idea is only as good as its timing – SEC...

According to an Oct. 24 memorandum, digital asset management firm Hashdex has had a discussion with the SEC about their ETF filing that would purchase physical Bitcoin. In a follow-up post on X, Nate Geraci, the co-founder of the The ETF Institute and host of the ETF Prime Podcast, shares the importance of this ongoing dialogue and why it is interesting for the community. Looking back to 2022 The memorandum, which included a presentation from Hashdex, shares that the CME market has sufficiently developed to support its new product, quoting the earlier Teucrium Order from April 2022. Hashdex recently met w/ SEC Division of Trading & Markets re: bitcoin ETF (DEFI) filing … DEFI is unique, wild card filing b/c it will buy physical btc (& take pricing) from regulated market (CME). Interesting info here & shows ongoing dialogue w/ SEC.https://t.co/7y1r6Yi1PN pic.twitter.com/WOhMwKxC0t — Nate Geraci (@NateGeraci) October 25, 2023 In the Teucrium Order, the Com...

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Fidelity may be planning moves in the crypto market with the launch of a bitcoin spot ETF or a potential acquisition of Grayscale. The world’s third-largest asset manager, Fidelity has grown its digital asset presence significantly over the years. Its cryptocurrency-dedicated offshoot, FDA, received a New York Trust Charter and launched European operations in 2020.  The FDA has spearheaded initiatives such as the Fidelity crypto offering, which allows users to trade bitcoin and ethereum along with stocks.  The company has also advocated for the inclusion of digital assets in 401(k) investing, illustrating its belief in the long-term potential of cryptocurrencies. The exciting part of the current rumors is the direction Fidelity might be taking. According to Andrew Parish, co-founder of Arch Public, Fidelity might be considering a purchase of Grayscale or an application for a bitcoin spot ETF.  UPDATE: @DigitalAssets and @Fidelity is about to make a seismic move in...