ETFExposure
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#TrendingTopic BlackRock Files With SEC To Include $BTC #ETFExposure for In-House Investment Fund#BlackRock
📣 Asset management giant BlackRock is planning on including spot market Bitcoin (BTC) exchange-traded fund (ETF) exposure in its proposed in-house investment fund.
🌐 #BlackRock recently submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) related to its proposed “Strategic Income Opportunities Portfolio,” a fund that will invest in high-yield securities, international securities, emerging markets debt and mortgages.
🔶 The prospectus indicates the proposed fund may also invest in other market sectors, like BlackRock’s newly approved BTC ETF, the iShares Bitcoin Trust (IBIT).
♦️#BlackRock wrote extensively about the risks associated with Bitcoin exposure in the document submitted to the SEC.
🔷 The opaque nature of the digital asset market poses asset verification challenges for market participants, regulators and auditors and gives rise to an increased risk of manipulation and fraud, including the potential for Ponzi schemes, bucket shops and pump and dump schemes. Digital assets have in the past been used to facilitate illicit activities.
🔶 If a digital asset was used to facilitate illicit activities, businesses that facilitate transactions in such digital assets could be at increased risk of potential criminal or civil liability or lawsuits, or of having banking or other services cut off, and such digital asset could be removed from digital asset platforms.
♦️ Any of the aforementioned occurrences could adversely affect the price of Bitcoin, the attractiveness of the Bitcoin blockchain network and Bitcoin-related investments.
🔷 Last week, IBIT became one of only 52 ETFs out of 3,400 to cross $10 billion in assets under management (AUM), according to Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence.
📣 Asset management giant BlackRock is planning on including spot market Bitcoin (BTC) exchange-traded fund (ETF) exposure in its proposed in-house investment fund.
🌐 #BlackRock recently submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) related to its proposed “Strategic Income Opportunities Portfolio,” a fund that will invest in high-yield securities, international securities, emerging markets debt and mortgages.
🔶 The prospectus indicates the proposed fund may also invest in other market sectors, like BlackRock’s newly approved BTC ETF, the iShares Bitcoin Trust (IBIT).
♦️#BlackRock wrote extensively about the risks associated with Bitcoin exposure in the document submitted to the SEC.
🔷 The opaque nature of the digital asset market poses asset verification challenges for market participants, regulators and auditors and gives rise to an increased risk of manipulation and fraud, including the potential for Ponzi schemes, bucket shops and pump and dump schemes. Digital assets have in the past been used to facilitate illicit activities.
🔶 If a digital asset was used to facilitate illicit activities, businesses that facilitate transactions in such digital assets could be at increased risk of potential criminal or civil liability or lawsuits, or of having banking or other services cut off, and such digital asset could be removed from digital asset platforms.
♦️ Any of the aforementioned occurrences could adversely affect the price of Bitcoin, the attractiveness of the Bitcoin blockchain network and Bitcoin-related investments.
🔷 Last week, IBIT became one of only 52 ETFs out of 3,400 to cross $10 billion in assets under management (AUM), according to Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence.
💫💫💫 JUST IN: 🇮🇳 US ETFs to be offered to institutional and retail investors across India.
👉initially four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard.
👉 "The bitcoin spot ETF works as a security and Indians are allowed to purchase securities under the Liberalised Remittance Scheme (LRS) and, as a result, users or institutions specifically, who do want to get access to bitcoin can now start using the bitcoins through ETFs to diversify their portfolio,"
👉The LRS simplifies overseas investments for Indians. The overall LRS limit, as prescribed by the Reserve Bank of India, is $250,000 a year.
👉 spot Bitcoin ETFs with a minimum investment requirement of $5,000 and a maximum cap of $250,000.
👉 Meanwhile, the Reserve Bank of India (RBI) has maintained a steadfast stance against crypto, recently asserting that India should not mirror the U.S.’s approach to ETFs due to economic risk considerations.
👉 On the other hand, the Finance Ministry’s Intelligence Unit has registered over two dozen Indian crypto service providers and imposed substantial taxes on the sector. While both entities prioritize safeguarding the Indian economy and investors, their regulatory strategies differ.
#BTC #ETFExposure #ETFbitcoin $BTC $ETH $XRP #ETF
👉initially four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard.
👉 "The bitcoin spot ETF works as a security and Indians are allowed to purchase securities under the Liberalised Remittance Scheme (LRS) and, as a result, users or institutions specifically, who do want to get access to bitcoin can now start using the bitcoins through ETFs to diversify their portfolio,"
👉The LRS simplifies overseas investments for Indians. The overall LRS limit, as prescribed by the Reserve Bank of India, is $250,000 a year.
👉 spot Bitcoin ETFs with a minimum investment requirement of $5,000 and a maximum cap of $250,000.
👉 Meanwhile, the Reserve Bank of India (RBI) has maintained a steadfast stance against crypto, recently asserting that India should not mirror the U.S.’s approach to ETFs due to economic risk considerations.
👉 On the other hand, the Finance Ministry’s Intelligence Unit has registered over two dozen Indian crypto service providers and imposed substantial taxes on the sector. While both entities prioritize safeguarding the Indian economy and investors, their regulatory strategies differ.
#BTC #ETFExposure #ETFbitcoin $BTC $ETH $XRP #ETF