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In what is certainly a testament to the investment products’ success, BlackRock’s Spot Bitcoin ETF now holds more than $21 billion in BTC. Indeed, the $9 trillion asset management firm has officially surpassed 300,000 Bitcoin in assets under management. The feat is even more impressive when considering the timeline of the recent milestone. Indeed, the crypto-based exchange-traded product has only been trading for five months, with the offering officially going live on January 11th. Since then, the firm’s IBIT Bitcoin ETF has become the market’s most successful. Source: Watcher.Guru Also Read: Vanguard Hires Former BlackRock ETF Head as New CEO BlackRock Spot Bitcoin ETF Passes 300,000 BTC in AUM As we approach the midpoint of the year, crypto-based ETFs have dominated the conversation within the finance sector. Bitcoin had seen its offering approved in January, with Ethereum following that with an approval last month. Although the latter has yet...

Discussions between the SEC and Franklin Templeton emerged as crypto proponents stayed bullish on spot Bitcoin ETFs amid market dips. The $1.5 trillion asset manager reportedly met with the U.S. Securities and Exchange (SEC) on Dec. 8 for further discourse on the firm’s bid for a spot Bitcoin ETF, a product many potential issuers hope to bring to America’s market. JUST IN: SEC held a meeting with $1.5 trillion Franklin Templeton about its spot #Bitcoin ETF — Bitcoin Magazine (@BitcoinMagazine) December 12, 2023 The details of the meeting were undisclosed, although the SEC has held talks with several issuers in recent weeks, including BlackRock and Grayscale. Furthermore, discussions with Franklin Templeton likely indicate progress made with the company’s application.  Franklin Templeton entered the spot Bitcoin ETF race in September 2023, joining a list of issuers that would later grow to 13 as Pando filed its bid. The SEC previously delayed a verdict, opting instead to ex...

Founder of SkyBridge Capital, Anthony Scaramucci, is optimistic about the US SEC (Securities and Exchange Commission) approving a spot Bitcoin (BTC) ETF (Exchange Traded Fund) soon. While speaking at a podcast, Scaramucci affirmed that the SEC could greenlight a spot BTC ETF by Jan. 10, 2024. Several spot BTC ETF applications will approach their deadline in early January. However, the SEC may also delay its decision due to technical reasons. Financial institutions in the US have long pursued a spot BTC ETF. Blackrock, Fidelity, Valkyrie, and ARK Invest are among the top applicants. Some analysts have said the SEC might go for a mass-approval route to not give one firm a competitive edge over others. Also Read: Pando Asset Throws Hat in the Ring as 13th Player in Bitcoin ETF Race . BlackRock recently met with the SEC’s Trading & Markets division to further discuss its Bitcoin ETF application. The SEC said applicants should opt for a cash crates model instead o...