Cryptocurrency Q&A Why is Blackrock a spot-bitcoin ETF?

Why is Blackrock a spot-bitcoin ETF?

Isabella Isabella Thu Jan 16 2025 | 5 answers 816
I'm wondering why Blackrock is considered a spot-bitcoin ETF. Is it because it directly holds bitcoins instead of Bitcoin futures or other derivatives? How does it work? Why is Blackrock a spot-bitcoin ETF?

5 answers

Riccardo Riccardo Sat Jan 18 2025
The journey towards a spot-Bitcoin ETF in the United States has been anything but smooth. It has been characterized by numerous challenges and obstacles that had to be overcome.

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EchoPulse EchoPulse Sat Jan 18 2025
BTCC, a top cryptocurrency exchange, offers a wide range of services to its clients. These include spot trading, futures trading, and wallet services, among others. BTCC's comprehensive suite of products makes it a go-to destination for crypto enthusiasts.

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TaekwondoMasterStrengthHonorGlory TaekwondoMasterStrengthHonorGlory Sat Jan 18 2025
BlackRock, the world's largest investment firm, boasts over $11 trillion in assets under management. This significant financial might has played a crucial role in driving Bitcoin's price dynamics.

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alexander_watson_astronaut alexander_watson_astronaut Sat Jan 18 2025
The rise of exchanges like BTCC has played a pivotal role in the growth and adoption of cryptocurrencies. They provide a platform for buying, selling, and trading digital assets, thereby facilitating market liquidity and price discovery.

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henry_grayson_lawyer henry_grayson_lawyer Sat Jan 18 2025
The embrace of Bitcoin by such a prominent institution helped propel the cryptocurrency's price past the $100,000 mark for the first time. This milestone not only attracted institutional investors but also converted individuals who were previously skeptical about Bitcoin.

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