Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges
(Nikhilesh De/CoinDesk)
Binary trading platforms with better performance and payouts
BlackRock
(Nikhilesh De/CoinDesk)
Market makers, like trading firm DRW, have been preparing for months to be able to provide the necessary liquidity to ensure sufficient liquidity should the SEC approve bitcoin exchange-traded funds in the U.S.
Goldman Sachs is in talks to play the key role of being an “authorized participant” for BlackRock and Grayscale’s bitcoin ETFs, if the SEC approves them, according to people familiar with the situation.
We see a 98% chance of approval in the next couple of weeks and the high likelihood of a Bitcoin rally to follow.
Gary Gensler’s SEC has some bitcoin ETF reading to do. (Jesse Hamilton/CoinDesk)
Jamie Dimon’s bank agreed to play a key role with BlackRock’s proposed bitcoin ETF, just weeks after he told U.S. senators: “I’ve always been deeply opposed to crypto, bitcoin, etc.”
BlackRock will use J.P. Morgan and Jane Street as their authorized participants. Valkyrie has also named Jane Street in addition to Cantor Fitzgerald.
Bitcoin [BTC] is expected to experience a period of downside following a potential ETF approval over the coming weeks as trader’s unrealized profits linger at a level that historically precedes a correction, according to data provider CryptoQuant.
The unknown seed investor agreed to purchase $100,000 shares on October 27, 2023, BlackRock’s latest filing reveals.
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.