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FameEX Morning Crypto News Recap | January 15, 2024
2024-01-15 12:54:20
Blackrock's Larry Fink Talks Bitcoin: Firm Supporter — Exceeds Governmental Impact
Blackrock CEO Larry Fink expresses strong support for bitcoin, considering it more influential than governments and comparable to "digital gold" due to its limited supply. Unlike continuously produced gold, bitcoin's creation has a ceiling. Additionally, Fink recognizes the value in Ethereum ETFs, suggesting Blackrock's keen interest in a range of cryptocurrency investments.
US Representative Predicts Greater Crypto Embrace by Donald Trump in His Possible Second Presidency Term
U.S. Congressman Tom Emmer predicts increased cryptocurrency advocacy from Donald Trump if he secures a second presidential term. Post-presidency, Trump has unveiled three NFT collections, indicating a growing interest in digital assets. Furthermore, experts anticipate a potential surge in bitcoin prices if Trump triumphs in the forthcoming presidential election.
Blackrock's Spot Bitcoin ETF Holds a Total of 11,439 BTC
Blackrock's Ishares Bitcoin Trust, a spot bitcoin ETF, rapidly secured 11,439 bitcoins worth nearly $500 million in just two days on the Nasdaq. This significant accumulation comes on the heels of the U.S. Securities and Exchange Commission (SEC) approving 11 spot bitcoin ETFs, among which Blackrock's fund is a notable inclusion.
GBTC Faces Withdrawals Owing to NAV Discount and Elevated Fees, ETF Expert Predicts Ongoing Occurrence Following the U.S. Securities and Exchange Commission's (SEC) approval of 11 new spot bitcoin ETFs, they collectively achieved an impressive $7.65 billion trading volume within just two days. In contrast, Grayscale's GBTC experienced notable outflows, highlighting a distinct shift in investor preferences within the cryptocurrency ETF market amid these new additions. SEC Commissioner Expresses Regret Over Postponed Spot Bitcoin ETF Approvals — 'A Lost Decade of Chances' SEC Commissioner Hester Peirce has expressed strong criticism towards the agency for delaying the approval of spot bitcoin ETFs. She pointed out that such delays harm the SEC's reputation and public trust, warning that their inconsistent handling of crypto-related applications may impede their ability to regulate financial markets effectively. Ark Invest's CEO Suggests Greater Chance of Bitcoin Hitting $1.5 Million Ark Invest's CEO Cathie Wood has escalated her bullish bitcoin forecast, now estimating a greater chance of its value soaring to $1.5 million each. This updated projection is heavily inspired by the U.S. SEC's sanction of spot bitcoin ETFs, a move she views as substantially increasing the likelihood of her optimistic prediction materializing. Grayscale Moves 4,000 Bitcoins Worth $175M, Fueling Market Rumors Amidst High ETF Trading Volumes Blockchain analytics reveal a major cryptocurrency transaction where 4,000 bitcoins, valued at approximately $175 million, were transferred from Grayscale's Bitcoin Trust to exchange. The transfer, involving a prominent digital asset firm, occurred in four separate batches, each consisting of 1,000 bitcoins, marking a noteworthy event in the digital currency market. Senator Elizabeth Warren Disagrees with SEC's Approval of Spot Bitcoin ETFs Senator Elizabeth Warren has voiced strong opposition to the SEC's decision to approve spot bitcoin ETFs, arguing that the move is incorrect both legally and in terms of policy. Her criticism highlights a significant disagreement with the SEC's approach to managing emerging trends in the cryptocurrency market. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
