Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a recognizable brand over the past 17 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller compared Bitcoin to gold as a store of value. While he personally does not own any Bitcoin, he acknowledged that young people view it as […]
The rapid increase in interest rates poses a risk of financial accidents, as seen with the crisis of American regional banks and the collapse of Swiss bank Credit Suisse. Despite the quick rise in interest rates, there haven’t been as many accidents as expected. Experts are surprised by this and believe that decision-makers, like Jerome […]
Active ETFs are gaining popularity among investors as market conditions shift towards active management. However, experts suggest that it shouldn’t be a choice between active or passive investing, but rather a combination of both. While passive funds have performed well in the past, their future performance may not be as strong. On the other hand, […]
Bitfinex Securities has announced the launch of its first tokenized bond offering, marking a new era for capital raises through deep liquid markets and stock/fond markets. The bond, labeled ALT2611, is a 36-month offering denominated in USDT and carries a 10% coupon rate. It leverages Blockstream Liquid, a sidechain-based settlement network for Bitcoin. The bond […]
The latest episode of ETF Prime features discussions on various ETF topics, including spot bitcoin ETFs. Host Nate Geraci speaks with Todd Rosenbluth from VettaFi and James Seyffart from Bloomberg to get their insights.Rosenbluth shares his thoughts on spot bitcoin ETFs, stating that he believes a release of such a product will happen in early […]
BlockFi, a crypto lender, has announced that it has emerged from bankruptcy and is now ready to recover assets and repay creditors. The company had filed for bankruptcy protection in November 2022 due to the plummeting crypto prices and insolvencies in the industry. However, with the approval of its restructuring plan by a New Jersey […]
BlackRock, the world’s largest asset manager, is reportedly planning to provide seed funding for its iShares spot Bitcoin exchange-traded fund (ETF). This funding would involve BlackRock purchasing a certain amount of Bitcoin to kickstart the fund. While the exact date and amount of funding have not been confirmed, recent filings suggest that the contribution could […]
The iShares spot Bitcoin exchange-traded fund (ETF) proposed by BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), indicating potential approval by the United States Securities and Exchange Commission (SEC). This development is seen as a significant step towards bringing a crypto ETF to the market. The ETF, with a ticker symbol […]
Investment manager BlackRock has revealed plans to provide initial funding for its spot Bitcoin exchange-traded fund (ETF), according to recent securities filings. The company’s S-1 amendment details the process of seeding an ETF, whereby a bank or broker-dealer purchases Bitcoin in exchange for ETF shares. This move by BlackRock is seen as a significant display […]
BlackRock and Fidelity, two major asset managers, have applied for spot Bitcoin exchange-traded funds (ETFs), reflecting the growing interest in these products. SEC Commissioner Hester Peirce, who has been supportive of such investment vehicles since 2018, commented on the increasing interest from firms and investors in Bitcoin ETFs. However, she cautioned against speculating on how […]
