Premium Only Content

BlackRock’s record for getting ETFs approved by the SEC is 575-1.
BlackRock’s record for getting ETFs approved by the SEC is 575-1.
BlackRock recently filed for a spot Bitcoin ETF. The custodian for the planned Bitcoin trust is Coinbase. BlackRock is the largest asset manager in the world so it means something that it trusts Coinbase. Perhaps BlackRock thinks that Coinbase will just have to a fine to deal with its current legal dispute with the SEC.
The one ETF that was denied was due to “the proposals seek permission to create actively managed ETFs that would not be required to disclose their holdings on a daily basis.” This was fixed by BlackRock and the ETF went through.
The Bitcoin ETF will have to purchase real bitcoin and not just be a derivatives futures based product like the ProShares Bitcoin Strategy ETF, ticker: BITO. The ETF will be forced to purchase real bitcoins and hold them in a trust in direct proportion to the money that flows in.
Many people have tax advantaged retirement accounts that do not allow them to invest in Bitcoin directly. This is going to open the possibility to more directly invest retirement accounts in Bitcoin.
If you don’t have a 401k or an IRA, and you want self-custody, and you can transact on the Bitcoin network, the BlackRock ETF will not be of much interest for you, but I would argue that this is the minority of people.
In regards to 401k plans, it will be up to your employer to work out which plans and ETFs are vailable. However, if you have an IRA with a major brokerage like Vanguard, Fidelity, Schwab, you will be able to purchase the BlackRock ETFs through those companies. Vanguard has been known to sort of censor investments like leveraged ETF products.
SEC approved ETFs have SIPC insurance and a lot of regulations and requirements for proof of reserves and oversight by independent parties.
Tags:
bitcoin, blackrock, bitcoin etf, blackrock bitcoin, blackrock bitcoin etf, bitcoin news, blackrock etf, bitcoin today, etf bitcoin, bitcoin news today, bitcoin price, bitcoin spot etf, blackrock coinbase, blackrock btc etf, blackrock crypto, blackrock etf bitcoin, etf bitcoin blackrock, bitcoin analysis, black rock bitcoin etf, bitcoin crash, bitcoin blackrock, bitcoin prediction, coinbase blackrock etf, does blackrock own bitcoin, buy bitcoin
-
4:21
The Last Capitalist in Chicago
1 year agoWhat is the Hume-Cantillon Effect?
2521 -
LIVE
NeoX5
3 hours agoSurvival Horror Bash: This time without the oops | Part 2 | Summer Gaming Ep 19 | Rumble Gaming
167 watching -
3:16:18
FoeDubb
3 hours ago🏰KINGDOM MENU: 🎮SUNDAY FOOSBALL & 👑CHILL CONVO DILLY DILLY!!!
15.1K1 -
5:59:00
dieseldesigns
8 hours agoCozy Building and Upgrading! // Lightyear Frontier
29.3K1 -
19:30
Oliur
3 days ago $2.25 earned14 must-have EDC travel essentials
32.1K -
LIVE
STGKAMZZ
6 hours agoKAMZ & STONER & CARAMEL & REAPER TAKE ON REBIRTH ISLAND * 4REAL 4LYFE
75 watching -
10:19
nospeedlimitgermany
2 days ago $1.15 earnedBMW 335i Cabrio E93 | 306 PS | Top Speed Drive German Autobahn No Speed Limit POV
22.9K1 -
16:56
World2Briggs
15 hours ago $24.06 earned11 Fastest Collapsing States in the United States… Leave NOW!
47.8K142 -
8:39
Faith Frontline
1 day agoJoe Rogan’s Mind Was Blown by THIS Bible Secret
52.9K87 -
1:23:40
Squaring The Circle, A Randall Carlson Podcast
1 day ago#054 The Land Lost To The Flame - Squaring the Circle: A Randall Carlson Podcast
35.8K9