BlackRock files Bitcoin ETF application, leveraging Coinbase custody - BlackRock has filed an application for a spot Bitcoin ETF, utilizing Coinbase Custody and spot market data to enhance accessibility for institutional investors.

[CaptainRockall]

BlackRock, the worlds largest asset manager, has filed an application for a spot Bitcoin ETF (exchange-traded fund).

In their pursuit of a Bitcoin ETF, BlackRock has chosen Coinbase Custody as their trusted custodial solution. The proposed ETF will be benchmarked against indices provided by CF Benchmarks. The indices will be comprised of price data from six exchanges: Coinbase, Kraken, Gemini, Bitstamp, itBit, and LMAX Digital.

It is worth noting that the Securities and Exchange Commission (SEC), the regulatory authority responsible for overseeing ETFs in the United States, has thus far rejected every application for a spot bitcoin ETF. Nevertheless, the commission has granted approval for several bitcoin futures ETFs, which have been successfully introduced for trading.

BlackRock's filing for a spot Bitcoin ETF signals a turning point in the industry, as a prominent player in the traditional financial space acknowledges the potential of Bitcoin. If approved, the Bitcoin ETF would open doors to a new wave of adoption and provide investors with an unprecedented opportunity to participate in the Bitcoin market through a regulated and accessible investment vehicle.

(Link: https://bitcoinmagazine.com/markets...n-etf-application-leveraging-coinbase-custody)

 

[DiggieSmalls]

Larry Fink should suck my kosher cock

 

[CaptainRockall]

Not too sure if it's an actual ETF or a trust similar to GBTC and GLD.

SEC has been rejecting these ETFs for years so why is this a big deal?

Well because it’s BlackRock which is huge in the industry and they wouldn’t waste their time if they knew it wouldn’t have a chance at getting approved. Also since it’s a trust it has a better chance of getting approved (and nobody says no to the Elites... unless they want pain!)

This isn't the first time that Black Rock tried to get ETF approval, they failed last time with the SEC, so why are they going gung-ho now?

Ask yourself why is the SEC presently destroying the Crypto market? This should be the best time for BlackRock to keep their mouth shut but they've made this move again within the past few days...

Do they know something? If so, what?

My belief is they want to:

1) Profit from a boon in Crypto
2) Regulate it by buying Coinbase, Binance etc. and controlling who buys what.

2) is the obvious move, but 1) isn't past them - easy money is always good and if it keeps the peons quiet...

 

[CuzinEd]

Kikes are just trying to get more goyim to go in on their crypto scam. That's basically all this is. Crypto has always been a very Jewish thing. Just like how Jews run the Boomer rocks scam. It can't get anymore Jewish than selling people money. Hey goyim, buy some of my money. It's worth more than your worthless dollars, honest. Then why are you selling it? Crypto is like digital games. It's pulled out of thin air. They don't have to physically mine or produce it. They can just say "hey we got all this crypto you guys". It's all very fake and scam like.

I find it funny that Millennials are the ones getting fleeced in the crypto scam. Kind of like how the Boomers and Gen X got fleeced by the Wall Street Kikes and of course the Boomer rocks. Boomers are always falling for the Boomer rocks scam.

It must be nice being so well off that you can afford to buy money you can't even physically hold or use anywhere.

 

[Ms. Cegination]

Kikes are just trying to get more goyim to go in on their crypto scam. That's basically all this is. Crypto has always been a very Jewish thing. Just like how Jews run the Boomer rocks scam. It can't get anymore Jewish than selling people money. Hey goyim, buy some of my money. It's worth more than your worthless dollars, honest. Then why are you selling it? Crypto is like digital games. It's pulled out of thin air. They don't have to physically mine or produce it. They can just say "hey we got all this crypto you guys". It's all very fake and scam like.

I find it funny that Millennials are the ones getting fleeced in the crypto scam. Kind of like how the Boomers and Gen X got fleeced by the Wall Street Kikes and of course the Boomer rocks. Boomers are always falling for the Boomer rocks scam.

It must be nice being so well off that you can afford to buy money you can't even physically hold or use anywhere.

If I was given 0.001 BTC every time a myopic faggot expressed a pathetically ignorant anti-cryptocurrency opinion in a post on the Kiwi Farms, a site that wouldn't be alive if not for cryptocurrency, I could single handedly keep the Kiwi Farms in the black.

 

[CuzinEd]

If I was given 0.001 BTC every time a myopic faggot expressed a pathetically ignorant anti-cryptocurrency opinion in a post on the Kiwi Farms, a site that wouldn't be alive if not for cryptocurrency, I could single handedly keep the Kiwi Farms in the black.

If I had a dollar for every time a crypto fag said something stupid I could go out and make a purchase in a store that doesn't accept crypto. Which wouldn't be hard to find because like 99.9% of them don't accept crypto. Meaning it's not a real currency.

 

[Ms. Cegination]

If I had a dollar for every time a crypto fag said something stupid I could go out and make a purchase in a store that doesn't accept crypto. Which wouldn't be hard to find because like 99.9% of them don't accept crypto. Meaning it's not a real currency.

It's pretty difficult to find a place that directly accepts Romanian leu outside of Romania. Does that mean Romanians aren't using a real currency?

https://bitcoinwide.com/

https://purse.io/shop

https://spendabit.co/

https://99bitcoins.com/bitcoin/who-accepts/

https://www.businesswire.com/news/home/20200115005482/en/HSB-Survey-Finds-One-Third-Small-Businesses-Accept

https://coinmap.org/

If I told you to kill yourself because you're retarded, most people would say it's bad advice. Does that mean you aren't retarded and shouldn't kill yourself?
Thanks for the 0.001 BTC, bankcuck faggot. Keep it up and I'll be bankrolling KF in no time.

 

[Zbk3VmLfujjzjxBd43tL]

Not too sure if it's an actual ETF or a trust similar to GBTC and GLD.

SEC has been rejecting these ETFs for years so why is this a big deal?

Well because it’s BlackRock which is huge in the industry and they wouldn’t waste their time if they knew it wouldn’t have a chance at getting approved. Also since it’s a trust it has a better chance of getting approved (and nobody says no to the Elites... unless they want pain!)

This isn't the first time that Black Rock tried to get ETF approval, they failed last time with the SEC, so why are they going gung-ho now?

Ask yourself why is the SEC presently destroying the Crypto market? This should be the best time for BlackRock to keep their mouth shut but they've made this move again within the past few days...

Do they know something? If so, what?

My belief is they want to:

1) Profit from a boon in Crypto
2) Regulate it by buying Coinbase, Binance etc. and controlling who buys what.

2) is the obvious move, but 1) isn't past them - easy money is always good and if it keeps the peons quiet...

My guess is the SEC at this point wants to shake up the crypto market for their masters in Blackrock to profit. Think of it--close down all the other exchanges to US customers, thus drying up a big source of altcoin liquidity. The money all ends up in BTC instead (check how well BTC has done relative to everything else lately if you wanna see what I mean), making Blackrock more money. Blackrock then controls Coinbase (which at this point is only offering BTC and maybe a few altcoins the SEC approves of which Blackrock will probably also make ETFs for), which gives them access to all of Coinbase's stash, thus letting them partially manipulate the market just like how the stock market is rigged.

This is the perfect setup for the elite, since it lets them manipulate a much bigger share of the crypto market than they already do. They can finally turn it into Stock Market 2.0, or at least as close to it as they can since independent players in foreign countries are still going to manipulate the market without the consent of the cabal who rules us.