Nasdaq Refiles Form for BlackRock's Bitcoin ETF with Coinbase Surveillance Agreement Expected
July 4 (Cointime) - Nasdaq has resubmitted a 19b-4 form for the iShares Bitcoin Trust, a spot bitcoin ETF managed by BlackRock, following similar filings from Cboe exchange last week.
Only a Few Contenders Will Be Successful in the Bitcoin ETF Race, Says Bitwise’s Hougan
July 3 (Cointime) - Matthew Hougan of Bitwise warns that only a select few of the growing list of contenders vying for approval from the US SEC to launch a spot bitcoin ETF will wind up being successful. "ETFs are generally a 'winner takes most' market," Hougan told The Block. The firm that is first to market typically snags the most assets under management. Thus far, financial market titans Fidelity and BlackRock have filed alongside smaller brands like Valkyrie Investments, WisdomTree, and Invesco.
ARK 21Shares Amends Bitcoin ETF Application with Surveillance Sharing Agreement
July 3 (Cointime) - If the SEC approves BlackRock’s application for this reason, it will have to approve ARK 21Shares’ application, which is due six days earlier. This means that if ARK 21Shares’ application is approved, it will become the first Bitcoin spot ETF, potentially giving it a significant share of the market for this new investment instrument.
Traditional Finance Firms Resubmit Bitcoin ETF Applications in the US
July 3 (Cointime) - BlackRock, the world's largest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange Commission (SEC) on June 15, leading to a frenzy of resubmitted applications for spot Bitcoin ETFs from other traditional finance giants in the US. Companies including WisdomTree, Invesco, Valkyrie, VanEck, Fidelity Digital Assets, Ark Invest, and 21Shares have all submitted fresh applications in the past two weeks, sparking renewed hopes for the possibility of a Bitcoin ETF.
SEC Returns Bitcoin ETF Filings from BlackRock and Fidelity for Lack of Clarity
June 30 (Cointime) - According to sources, the Nasdaq and Cboe exchanges were informed by the U.S. Securities and Exchange Commission that recent filings for spot bitcoin ETF funds from BlackRock and Fidelity were inadequate in terms of clarity and comprehensiveness.
Coinbase Faces Risks Despite Surge in Shares Following BlackRock’s Bitcoin ETF Application: Berenberg
June 30 (Cointime) - Shares of Coinbase (COIN) have risen by over 30% since June 15, following news that Blackrock (BLK) applied for a spot bitcoin (BTC) exchange-traded-fund (ETF), outpacing the 20% increase in bitcoin's price over the same period.
BlackRock: AI Could Drive Returns and Disrupt Industries
June 29 (Cointime) - BlackRock, a major asset management company, has released a report stating that the rise of artificial intelligence (AI) could potentially drive returns in the present and future. The report describes AI as a "mega force" that could disrupt entire industries.
Fidelity refiles paperwork for Wise Bitcoin Trust spot ETF
June 29 (Cointime) - Fidelity has resubmitted paperwork for its Wise Bitcoin Trust, a spot bitcoin ETF, following similar filings from BlackRock's iShares unit, Invesco, and WisdomTree.
Bitcoin-Nasdaq Correlation Drops to 3% in June, Indicating Diverging Sentiment
June 29 (Cointime) - Data from Kaiko shows that Bitcoin's correlation with the Nasdaq dropped to 3% in June, indicating a divergence in sentiment between cryptocurrencies and tech stocks.
BlackRock and Fidelity’s Bitcoin ETF Filings Could Be Bullish Catalysts for Cryptocurrency Markets
June 28 (Cointime) - BlackRock's filing for a Bitcoin ETF has contributed to the recent rally in the cryptocurrency market. Fidelity Investments' own filing for a Bitcoin spot ETF could also have a positive impact. Despite institutional investor focus, retail traders still hold significant power in the market.
