Investment giant BlackRock has disclosed in its latest filing to the US SEC that it has secured $100,000 in "seed capital" for its proposed physically-backed bitcoin ETF. The filing states: "Seed capital investors have agreed to purchase $100,000 in shares on October 27, 2023, and deliver 4,000 shares at a price of $25 per share ('Seed Shares')." (CoinDesk)
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BlackRock Spot Bitcoin ETF Receives $100,000 in ‘Seed Funding’
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Caixin: Mainland investors are currently not allowed to participate in the trading of Hong Kong virtual asset spot ETFs
According to Caixin, the first batch of six virtual asset spot ETFs issued by Boshi International, Huaxia Fund (Hong Kong), and Jiashi International has been officially approved by the Hong Kong Securities Regulatory Commission. The goal is to be listed on April 30, 2024. It should be noted that mainland Chinese investors are currently not able to participate in the trading of these ETFs, despite the fact that they are first issued by Hong Kong companies under the umbrella of Chinese public funds.According to the product list on the Hong Kong Securities Regulatory Commission website, these six virtual asset spot ETFs were officially approved on April 23, 2024. The products are as follows: Jiashi Bitcoin Spot ETF (03439.HK), Jiashi Ethereum Spot ETF (03179.HK), Huaxia Bitcoin ETF (03042.HK), Huaxia Ethereum ETF (03046.HK), Boshi HashKey Bitcoin ETF (03008.HK), and Boshi HashKey Ethereum ETF (03009.HK). -
U.S. House of Representatives: Agreement on stablecoin regulation will soon be reached with the Chairman of the Financial Services Committee
Maxine Waters, the Democratic leader of the US Financial Services Committee, predicted on Wednesday that she and Chairman Patrick McHenry will soon reach an agreement on stablecoin regulation legislation. -
Binance Founder Faces Potential Three-Year Prison Sentence and $50 Million Fine for Money Laundering and Sanctions Violations
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Indonesian President: $8.6 billion laundered through cryptocurrency in 2021
According to Golden Finance News, Indonesian President Joko Widodo stated that he has noticed signs of money laundering through cryptocurrency in 2021, amounting to $8.6 billion (IDR 139 trillion). In addition to cryptocurrencies and NFTs, the president emphasized the need to monitor other potential money laundering tools, including virtual assets, market activities, e-currencies, and AI-driven transactions. Mahendra Siregar, Chairman of the Financial Services Authority (OJK) Committee, responded to the President's directive, stating that when cryptocurrency regulation is transferred to the OJK next year, his agency will supervise these issues. -
Hong Kong Shatin District Councillor Deng Zhaofeng: ETF allows individual investors to participate in the virtual currency market with small investments
Hong Kong Sha Tin District Councilor Deng Zhaofeng published an article entitled "Grasping Financial Innovation Opportunities and Not Forgetting to Exclude Risks" in the A14 edition of Hong Kong Wen Wei Po, pointing out that the launch of Hong Kong's virtual currency ETF brings three opportunities to the market: -
Fidelity: Bitcoin's medium-term outlook revised from "positive" to "neutral" due to possible increase in selling pressure
On April 23rd, Fidelity revised their mid-term outlook on Bitcoin from "positive" to "neutral" after some indicators showed that Bitcoin is no longer considered "cheap" in the face of potential selling pressure. -
Cointime April 6th News Express
1. More than $13 billion in funds have been used to participate in Saga staking mining, making it Binance’s largest Launchpool to date -
Fidelity Bitcoin ETF FBTC Bitcoin holdings exceed 150,000 BTC
HODL15Capital has monitored that Fidelity's Bitcoin ETF FBTC holds over 150,000 BTC, worth $10 billion. -
FBTC had a net inflow of $83 million yesterday, and the current spot Bitcoin ETF has achieved a net inflow of $200 million
HODL15Capital has monitored a net inflow of $83 million into Fidelity's FBTC on April 5th. Prior to this, GrayScale's GBTC saw a net outflow of $198.9 million, Bitwise's BITB saw a net inflow of $7.4 million, and BlackRock's IBIT saw a net inflow of $307 million. Based on current data, the net inflow into Bitcoin ETFs on April 5th was $200 million. (Updating...)
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