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FameEX Morning Crypto News Recap | January 15, 2024
2024-01-15 12:26:01
Blackrock CEO Larry Fink Discusses Bitcoin: Strong Advocate — Surpasses Government Influence
Larry Fink, CEO of Blackrock, the world's largest asset manager, declares himself a strong supporter of bitcoin, viewing it as surpassing government influence and likening it to "digital gold." He highlights bitcoin's limited creation, contrasting it with gold's ongoing production. Fink also acknowledges the potential of Ethereum ETFs, indicating Blackrock's interest in diverse cryptocurrency investments.
US Legislator Anticipates Increased Crypto Support from Donald Trump in Potential Second Presidential Term
U.S. Representative Tom Emmer believes that Donald Trump, if re-elected as President, will show greater support for cryptocurrency. Since his presidency, Trump has released three non-fungible token (NFT) collections. Analysts also speculate that bitcoin's value might hit new peaks should Trump win the upcoming presidential election.
Blackrock's Spot Bitcoin ETF Currently Possesses 11,439 BTC
Within just two days of trading on the Nasdaq, Blackrock's spot bitcoin ETF, Ishares Bitcoin Trust, has amassed 11,439 bitcoins, valued at approximately $500 million. This achievement follows the recent approval of 11 spot bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), including Blackrock's offering.
GBTC Experiences Outflows Due to NAV Discount and High Fees, ETF Analyst Foresees Continued Trend
The U.S. Securities and Exchange Commission (SEC) recently approved 11 spot bitcoin ETFs, which saw a remarkable $7.65 billion in trading volume in their first two days. Meanwhile, Grayscale’s GBTC faced significant outflows amidst this influx of new market entrants, marking a contrasting financial movement in the cryptocurrency exchange-traded fund sector.
SEC Commissioner Laments Delayed Approval of Spot Bitcoin ETFs — 'A Decade of Missed Opportunities' SEC Commissioner Hester Peirce criticized the agency for its prolonged delay in approving spot bitcoin ETFs, highlighting the negative impact on the SEC's reputation and trust from the public. She emphasized that this inconsistent approach to applications in the crypto sector could hinder the SEC's effectiveness in regulating the markets. Ark Invest CEO Believes in Increased Likelihood of Bitcoin Reaching $1.5 Million Ark Invest CEO Cathie Wood has intensified her optimistic predictions for bitcoin, now considering a higher likelihood of it reaching $1.5 million per coin. This revised expectation is largely influenced by the U.S. Securities and Exchange Commission's (SEC) approval of spot bitcoin exchange-traded funds (ETFs), which she believes significantly boosts the chances of her bullish scenario unfolding. Grayscale's Transfer of 4,000 Bitcoins Valued at $175M Sparks Market Speculation During Peak ETF Trading Activity Blockchain analytics indicate that 4,000 bitcoins, worth around $175 million, were moved from Grayscale’s Bitcoin Trust (GBTC) to exchange. This transfer was executed in four batches of 1,000 bitcoins each, signifying a significant movement in the cryptocurrency market involving a major digital asset management firm. Senator Elizabeth Warren Criticizes SEC's Decision to Approve Spot Bitcoin ETFs U.S. Senator Elizabeth Warren criticized the U.S. Securities and Exchange Commission (SEC) for its approval of spot bitcoin exchange-traded funds (ETFs). She emphasized that the SEC's decision on bitcoin ETFs is both legally and policy-wise incorrect, expressing strong disapproval of their stance in the evolving cryptocurrency investment landscape. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
