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The $9 trillion asset manager BlackRock, which owns the iShares Bitcoin Trust is attracting new and mainstream investors into Bitcoin ETF . The iShares Bitcoin Trust launched an advertising campaign on Tuesday showing the benefits of BTC ETF to mainstream and younger investors. BlackRock offered Bitcoin ETF services to institutional clients and is now looking at attracting a new batch of younger investors. Also Read: How Russia & Ukraine War Is Boosting US Economy BlackRock has classified Bitcoin ETF as an investment class and not a speculative asset in the ad campaign. It equates Bitcoin ETF to commodities, currency, stocks, and bonds standardizing it as an investment class. Bloomberg’s ETF Analyst Eric Balchunas took to X calling the BlackRock’s iShares Trust campaign simple yet effective. He referred to the BlackRock’s ad campaign as “hey fellow kids,” come look at and invest in Bitcoin ETF . Also Read: BRICS: SWIFT ‘Un...

Bitcoin (BTC) is one of the best-performing assets of the last decade. Since its launch, BTC’s price has surged by many thousand percent. The profits have gained the interest of many global financial institutions, including BlackRock, the world’s largest asset manager, with almost $10 trillion worth of assets under management. However, despite BTC’s massive profits, financial giants were cautious about entering the cryptocurrency market, likely due to the volatility. Institutions preferred having a spot ETF (Exchange Traded Fund), which would reduce risks. The US SEC (Securities and Exchange Commission) made a historic decision earlier this month and approved 11 spot Bitcoin (BTC) ETFs. One of the applicants is BlackRock. Also Read: Ethereum: BlackRock CEO Larry Fink Sees Value in ETH ETF As of today, the world’s largest asset manager holds 11,439 BTC, worth around $469,925,559. BlackRock currently has the second-highest BTC holdings, behind GrayScale, ...

Larry Fink, CEO of BlackRock, likened Bitcoin to gold a day after spot BTC ETFs went live but forecasted slim chances for cryptos as currency.  Speaking with CNBC on digital assets, ETFs, and tokenization, BlackRock’s CEO noted that the world’s largest asset manager sees value in spot Ethereum (ETH) ETFs as another crypto-related investment product following the successful launch of identical funds underpinned by Bitcoin (BTC), crypto’s biggest token.  Fink clarified that BlackRock views crypto currencies as a prospective asset class , with Bitcoin utility revolving around storing and protecting wealth akin to the popular yellow metal. His comments also alluded to BTC’s hardcoded 21 million supply with the halving upcoming in April, touting scarcity as one factor behind future price increments. Part 2: ETH ETF pic.twitter.com/qnmB7azyQN — Cryptik1.eth | (@Cryptik1E) January 12, 2024 You might also like: Vanguard, other tradfi giants boycott spot Bitcoin ETFs Black...

JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF.  Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares Bitcoin Trust.  “The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying and selling Bitcoin.” – Jamie Dimon, CEO of JPMorgan Chase You might also like: SEC approves spot Bitcoin ETF on accelerated basis This involvement is a notable contrast to Dimon’s personal views on cryptocurrency. His critical perspective on digital currencies is well-documente...

Misinformation strikes again in crypto as false reports of an approved Bitcoin ETF by BlackRock led to over $65 million in liquidations on exchanges within minutes. The debunked information first circulated on social media, claiming the SEC had greenlit a spot Bitcoin ETF product by BlackRock. The fake post sparked enough attention to push Bitcoin from $27,900 to almost $30,000. Also read: BlackRock: Spot Bitcoin ETF Application Still Under Review by SEC But prices quickly retreated to $28,000 as it became clear the report was bogus, leading leveraged traders who bought the peak to get liquidated when unable to meet margin requirements. JUST IN: $65 million $BTC liquidated within minutes following fake reports that BlackRock's Spot # Bitcoin ETF was approved. pic.twitter.com/Uxb6pCfhdu — Watcher.Guru (@WatcherGuru) October 16, 2023 Cascade of Bitcoin liquidation crosses $71 million According to data from Coinglass, the cascade of liquidations totaled $71...

Mike McGlone Predicts If Bitcoin Price To Hit $20,000 or $40,000 Bloomberg Intelligence’s senior strategist Mike McGlone took to Twitter to share the contents of a crypto outlook report. He argues that the launch of several Bitcoin ETFs including BlackRock spot Bitcoin ETF will not shield Bitcoin from facing its first US recession, potential equity bear market, and hawkish central banks. advertisement The near-term outlook for Bitcoin is positive, but the key pivot point remained near $30,000 since 2021 amid the biggest money supply surge in history. He highlighted several obstacles that could potentially prevent BTC price from reaching $40,000. In response to the recent Bitcoin ETF-inspired rally, McGlone said “Physical Bitcoin ETFs in the US are a matter of time, we believe. BlackRock’s application to start such a fund appears to have expedited this process, but a launch may not come in 2023, and Bloomberg Economics expects the US to tilt to...