BlackRock’s Fink Says an Ether ETF Is Possible Even if ETH Is a Security
BlackRock CEO Larry Fink isn’t worried about the U.S. Securities and Exchange classifying Ethereum’s ether as a security.
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BlackRock CEO Larry Fink isn’t worried about the U.S. Securities and Exchange classifying Ethereum’s ether as a security.
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers’ Ethereum tokens {{ETH}}, the industry’s friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S. special purpose broker-dealer (SPBD) for digital assets.
The stock exchange will accept applications for trading bitcoin and ether crypto exchange traded notes from April 8.
Over $100 million in bitcoin and ether shorts have been liquidated over the past 24 hours.
Robert Mitchnick, the asset manager’s head of digital assets, said that there’s a misconception that BlackRock will have a “long tail” of other services within crypto.
The reported move, if confirmed, could have serious ramifications for the blockchain’s developers. But success for the troubled regulator is far from certain and unanswered questions abound.
Roughly 18 hours ago, an investor holding a large amount of ether transferred 12,000 ETH worth $42.8 million to Binance, according to Lookonchain.
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Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators’ seeming lack of engagement with potential issuers over the products.
After weeks of positive performance and a dominating bullish sentiment, the crypto market shifted to a slightly bearish short-term stance. … Continue reading
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