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BlackRock Shakes Up the Bitcoin ETF Race
Aug 18, 2023
BlackRock's entrance into the Bitcoin ETF race changes the outlook for approval. The potential impact of a Bitcoin ETF on the crypto market is explored. Speculation on pricing and the future of Bitcoin ETFs is discussed. The competition among companies to launch a Bitcoin futures ETF is highlighted. The economic impact of a concert and a struggling property developer in China is also discussed.
46:58
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Quick takeaways
- BlackRock's entry into the Bitcoin ETF race is seen as a game changer due to its reputation and influence.
- Recent developments in the approval process suggest a potential shift in the SEC's stance towards approving a Bitcoin ETF.
Deep dives
The race for a Bitcoin ETF heats up with BlackRock's application
Cryptocurrency enthusiasts have been eagerly anticipating the approval of a Bitcoin ETF, and now BlackRock, the world's largest ETF issuer, has made its application. This move is seen as a game changer, given BlackRock's reputation and influence. While regulators have been cautious about approving a Bitcoin ETF due to concerns about fraud and market manipulation, BlackRock's entry into the race may signal a shift in sentiment. Several other prominent issuers have also applied for a Bitcoin ETF, creating a competitive landscape. If approved, a Bitcoin ETF could provide a bridge for institutional and retail investors to gain exposure to the cryptocurrency market, potentially leading to significant inflows of capital.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode