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📢 Breaking, #BlackRock to tokenize everything?!
It wasn’t so long ago that BlackRock CEO Larry Fink was calling Bitcoin ‘an index of money laundering’, before realising just how much money he and his company could make from it. How things change.
But, when it comes to crypto, it’s not just spot ETFs that have BlackRock all hot under the collar. While issuing such an ETF has proved very profitable thus far, there is even more money to be made from the tokenisation of other, more traditional assets - that is, every asset you can think of and probably plenty you can’t as well.
In a recent piece for Bitcoin Magazine, investigative journalists Whitney Webb and Mark Goodwin lifted the lid on BlackRock’s tokenisation plans and - surprise, surprise - they’re pretty darn sinister. As we’ve seen with stablecoins like USDT and USDC, just because an asset is on a blockchain doesn’t mean it’s beyond the reach of those who might try to control what the ‘owner’ of said asset can or can’t do with it.
In today’s video, we break down Whitney and Mark’s article and look at how, even though BlackRock has helped pump all our bags this year, we should think twice before welcoming it and other titans of Wall Street into the crypto fold. They could well turn out to be wolves in sheeps’ clothing.
#Botcoin #Crypto #AI #DeFi
$BTC $ETH $BNB
It wasn’t so long ago that BlackRock CEO Larry Fink was calling Bitcoin ‘an index of money laundering’, before realising just how much money he and his company could make from it. How things change.
But, when it comes to crypto, it’s not just spot ETFs that have BlackRock all hot under the collar. While issuing such an ETF has proved very profitable thus far, there is even more money to be made from the tokenisation of other, more traditional assets - that is, every asset you can think of and probably plenty you can’t as well.
In a recent piece for Bitcoin Magazine, investigative journalists Whitney Webb and Mark Goodwin lifted the lid on BlackRock’s tokenisation plans and - surprise, surprise - they’re pretty darn sinister. As we’ve seen with stablecoins like USDT and USDC, just because an asset is on a blockchain doesn’t mean it’s beyond the reach of those who might try to control what the ‘owner’ of said asset can or can’t do with it.
In today’s video, we break down Whitney and Mark’s article and look at how, even though BlackRock has helped pump all our bags this year, we should think twice before welcoming it and other titans of Wall Street into the crypto fold. They could well turn out to be wolves in sheeps’ clothing.
#Botcoin #Crypto #AI #DeFi
$BTC $ETH $BNB
🚀 Grayscale Investments is taking cues from BlackRock, unveiling a new, cost-effective version of its Bitcoin Trust ETF, GBTC.
📉 Although it may not match BlackRock's previous triumphs, experts foresee potential for rapid asset accumulation.
🔑 Grayscale's legal victory against the SEC paved the way for such funds, yet GBTC, despite its $20 billion assets, faces consistent outflows due to high fees compared to rivals.
💡 To counter this, Grayscale plans to launch the Bitcoin Mini Trust (BTC) with a lower fee structure, seeded with GBTC's bitcoin holdings and utilizing a spin-off mechanism.
💼 Additionally, Grayscale aims to introduce two ether ETFs, mirroring past strategies of other fund managers.
🔍 Observers like Neena Mishra anticipate GBTC's liquidity appeal to traders, while the new BTC may attract long-term investors.
👀 Ben Johnson remains skeptical, citing a crowded market with ample low-cost options and BTC's need to catch up.
💰 Despite challenges, a cheaper Bitcoin ETF could lure fresh investments, albeit facing stiff competition.
🔮 In essence, Grayscale's move mirrors giants like BlackRock but faces hurdles in a market flush with similar, cost-efficient options.
#BlackRock #GRAYSCALE
📉 Although it may not match BlackRock's previous triumphs, experts foresee potential for rapid asset accumulation.
🔑 Grayscale's legal victory against the SEC paved the way for such funds, yet GBTC, despite its $20 billion assets, faces consistent outflows due to high fees compared to rivals.
💡 To counter this, Grayscale plans to launch the Bitcoin Mini Trust (BTC) with a lower fee structure, seeded with GBTC's bitcoin holdings and utilizing a spin-off mechanism.
💼 Additionally, Grayscale aims to introduce two ether ETFs, mirroring past strategies of other fund managers.
🔍 Observers like Neena Mishra anticipate GBTC's liquidity appeal to traders, while the new BTC may attract long-term investors.
👀 Ben Johnson remains skeptical, citing a crowded market with ample low-cost options and BTC's need to catch up.
💰 Despite challenges, a cheaper Bitcoin ETF could lure fresh investments, albeit facing stiff competition.
🔮 In essence, Grayscale's move mirrors giants like BlackRock but faces hurdles in a market flush with similar, cost-efficient options.
#BlackRock #GRAYSCALE
according to Arkham detectives. BlackRock received a drop for activity - $20,000 in Runes tokens for two ETF wallets.
$BTC #BlackRock
$BTC #BlackRock
👉👉👉 #BitcoinInvestment Received from BNY Mellon, the Oldest #bank of the USA!
In January, the Securities and Exchange Commission's decision to greenlight spot #BitcoinETFs marked a pivotal moment for BTC, drawing the attention of numerous institutional investors eager to tap into the cryptocurrency market through these exchange-traded funds.
Although some banks have been hesitant to fully embrace ETFs, there was a notable shift when BNY Mellon, the oldest bank in the United States, made a substantial move. In a filing submitted to the SEC, BNY Mellon disclosed its investments in #BlackRock and #grayscale Bitcoin ETFs, signaling its confidence in the potential of these financial instruments.
*This is not investment advice.
Source - en.bitcoinsistemi.com
In January, the Securities and Exchange Commission's decision to greenlight spot #BitcoinETFs marked a pivotal moment for BTC, drawing the attention of numerous institutional investors eager to tap into the cryptocurrency market through these exchange-traded funds.
Although some banks have been hesitant to fully embrace ETFs, there was a notable shift when BNY Mellon, the oldest bank in the United States, made a substantial move. In a filing submitted to the SEC, BNY Mellon disclosed its investments in #BlackRock and #grayscale Bitcoin ETFs, signaling its confidence in the potential of these financial instruments.
*This is not investment advice.
Source - en.bitcoinsistemi.com
🚨 JUST IN: BlackRock’s #Bitcoin ETF (IBIT) reports no $BTC flows for two consecutive days!
#BlackRock #BitcoinETFs #TrendingTopic
#BlackRock #BitcoinETFs #TrendingTopic
After rumors suggested #BlackRock was involved with Hedera's tokenization projects, $HBAR value surged by 107%.
However, BlackRock clarified that it was not directly involved, leading to a 35% drop in $HBAR 's price. Blockchain firms Archax and Ownera, despite tokenizing BlackRock's ICS U.S. Treasury
Fund on Hedera, confirmed that their interaction with BlackRock was minimal and primarily procedural. The clarification has impacted HBAR's market trend negatively.
#binance #hedera #TrendingTopic
However, BlackRock clarified that it was not directly involved, leading to a 35% drop in $HBAR 's price. Blockchain firms Archax and Ownera, despite tokenizing BlackRock's ICS U.S. Treasury
Fund on Hedera, confirmed that their interaction with BlackRock was minimal and primarily procedural. The clarification has impacted HBAR's market trend negatively.
#binance #hedera #TrendingTopic
#BlackRock has confirmed they have “👎no commercial relationship” with #HederaHashgraph .
😭(I was very excited after commercial relationship news.)
😭(I was very excited after commercial relationship news.)
Yes
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1 votes • Voting closed
💥Bitcoin Price Slips Below $64,000 as $209 Million in Crypto Longs Liquidated
The price of Bitcoin slipped below $64,000 Thursday morning, with over $209 million in crypto-long positions liquidated as the market slumped overnight. Per data from CoinGecko, Bitcoin is currently trading at around $63,700, down 4% on the day.
As Bitcoin tumbled, the wider crypto market fell in lockstep, with the combined market cap of all cryptocurrencies dropping by 4.7% overnight. Ethereum, the second-biggest cryptocurrency by market cap, has faced a similar fate to Bitcoin, down 5.3% over the past 24 hours to hover around $3,090.
The market slump saw over $209 million in crypto long positions liquidated, according to CoinGlass data, with over $52 million in Bitcoin longs liquidated.
The downturn comes as inflows into #BlackRock 's spot Bitcoin #ETF dried up, ending a 71-day streak after it broke into the top 10 for the longest ETF daily inflow streaks since 2004.
Across the board, according to #CoinGlass data, Bitcoin spot ETFs outflows hit $120.6 million after three consecutive days of inflows.
This comes as Hong Kong’s spot Bitcoin and Ethereum ETFs were officially approved yesterday, with a trading date set for April 30. Experts believe this move could bring up to $25 billion into the crypto market, should the ETFs be opened up to investors in mainland China.
Over the weekend the Bitcoin halving occurred, an event where Bitcoin miners saw their rewards cut in half. While historically, this event has been bullish over the long-term, it’s also often seen losses over the short-term. Since Bitcoin’s high of $65,230 on the day of the halving, the leading cryptocurrency has dropped 2% as it dipped below $64,000.
Alongside the halving, a new #Bitcoin token standard called #Runes was released. These tokens, which are essentially meme coins for Bitcoin, took over the network, accounting for over 81% of transactions on Tuesday.
From Decrypt over @Professor Mende - Founder of BONUZ Project - in Dubai UAE to you 👍😀
$BTC
The price of Bitcoin slipped below $64,000 Thursday morning, with over $209 million in crypto-long positions liquidated as the market slumped overnight. Per data from CoinGecko, Bitcoin is currently trading at around $63,700, down 4% on the day.
As Bitcoin tumbled, the wider crypto market fell in lockstep, with the combined market cap of all cryptocurrencies dropping by 4.7% overnight. Ethereum, the second-biggest cryptocurrency by market cap, has faced a similar fate to Bitcoin, down 5.3% over the past 24 hours to hover around $3,090.
The market slump saw over $209 million in crypto long positions liquidated, according to CoinGlass data, with over $52 million in Bitcoin longs liquidated.
The downturn comes as inflows into #BlackRock 's spot Bitcoin #ETF dried up, ending a 71-day streak after it broke into the top 10 for the longest ETF daily inflow streaks since 2004.
Across the board, according to #CoinGlass data, Bitcoin spot ETFs outflows hit $120.6 million after three consecutive days of inflows.
This comes as Hong Kong’s spot Bitcoin and Ethereum ETFs were officially approved yesterday, with a trading date set for April 30. Experts believe this move could bring up to $25 billion into the crypto market, should the ETFs be opened up to investors in mainland China.
Over the weekend the Bitcoin halving occurred, an event where Bitcoin miners saw their rewards cut in half. While historically, this event has been bullish over the long-term, it’s also often seen losses over the short-term. Since Bitcoin’s high of $65,230 on the day of the halving, the leading cryptocurrency has dropped 2% as it dipped below $64,000.
Alongside the halving, a new #Bitcoin token standard called #Runes was released. These tokens, which are essentially meme coins for Bitcoin, took over the network, accounting for over 81% of transactions on Tuesday.
From Decrypt over @Professor Mende - Founder of BONUZ Project - in Dubai UAE to you 👍😀
$BTC
BlackRock's iShares Bitcoin Trust (IBIT) recently experienced its first day of zero daily inflows since its launch in January. This comes amid the SEC's delay on a decision regarding a major Ether ETF, which has contributed to uncertainty in the cryptocurrency market.
While IBIT's 71-day inflow streak has ended, some other Bitcoin ETFs like Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) continue to see inflows. It'll be interesting to see how the cryptocurrency market reacts to these developments and whether it will impact investor sentiment towards Bitcoin ETFs.
#BlackRock #BTC #Investing #Bitcoin
While IBIT's 71-day inflow streak has ended, some other Bitcoin ETFs like Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) continue to see inflows. It'll be interesting to see how the cryptocurrency market reacts to these developments and whether it will impact investor sentiment towards Bitcoin ETFs.
#BlackRock #BTC #Investing #Bitcoin
The #Bitcoin ETFs had a net outflow of $120 Million yesterday! 📉
It was also the first day #BlackRock didn't buy any $BTC
It was also the first day #BlackRock didn't buy any $BTC
#Write2earn #BlackRock 's #BitcoinETF Loses Investor Appeal Amidst Market Slowdown
$BTC
According to preliminary data from Farside Investors, BlackRock's bitcoin exchange-traded fund (#ETF ), known as IBIT on Nasdaq, lost its appeal on Wednesday. It marked the first time since its launch on January 11 that the fund failed to attract any investor funds, ending a streak of 71 days of continuous inflows. Interestingly, seven out of ten other funds followed suit, experiencing similar patterns.
In contrast, Fidelity's FBTC and the ARK 21Shares Bitcoin ETF (ARKB) saw inflows of $5.6 million and $4.2 million, respectively. Meanwhile, Grayscale's GBTC witnessed an outflow of $130.4 million, contributing to a cumulative outflow of $120.6 million, the highest since April 17.
The introduction of spot ETFs in the U.S. on January 11 generated significant excitement, with expectations of attracting billions of dollars in institutional investments. BlackRock's #IBIT alone has gathered over $15 billion to date, while collectively, the 11 funds have seen a net inflow exceeding $12 billion.
However, the majority of these inflows occurred during the first quarter, with a notable slowdown this month, which has impacted the momentum of the bitcoin bull run. Data indicates that Bitcoin $BTC , the leading cryptocurrency, has mostly traded between $60,000 and $70,000 this month. This marks a relatively subdued performance compared to the near 70% rally witnessed in the first quarter, which drove prices to record highs above $73,500.
$BTC
According to preliminary data from Farside Investors, BlackRock's bitcoin exchange-traded fund (#ETF ), known as IBIT on Nasdaq, lost its appeal on Wednesday. It marked the first time since its launch on January 11 that the fund failed to attract any investor funds, ending a streak of 71 days of continuous inflows. Interestingly, seven out of ten other funds followed suit, experiencing similar patterns.
In contrast, Fidelity's FBTC and the ARK 21Shares Bitcoin ETF (ARKB) saw inflows of $5.6 million and $4.2 million, respectively. Meanwhile, Grayscale's GBTC witnessed an outflow of $130.4 million, contributing to a cumulative outflow of $120.6 million, the highest since April 17.
The introduction of spot ETFs in the U.S. on January 11 generated significant excitement, with expectations of attracting billions of dollars in institutional investments. BlackRock's #IBIT alone has gathered over $15 billion to date, while collectively, the 11 funds have seen a net inflow exceeding $12 billion.
However, the majority of these inflows occurred during the first quarter, with a notable slowdown this month, which has impacted the momentum of the bitcoin bull run. Data indicates that Bitcoin $BTC , the leading cryptocurrency, has mostly traded between $60,000 and $70,000 this month. This marks a relatively subdued performance compared to the near 70% rally witnessed in the first quarter, which drove prices to record highs above $73,500.
$ETH
SEC seeks comments on BlackRock's revised proposal for a spot Ethereum ETF.
Is #EtfEth around the corner?
#BlackRock
SEC seeks comments on BlackRock's revised proposal for a spot Ethereum ETF.
Is #EtfEth around the corner?
#BlackRock
🚨 Hedera's native token, $HBAR , saw an almost 100% price surge following a misunderstood announcement involving #BlackRock
Initially, the Hedera Foundation's post led many to believe BlackRock was directly tokenizing its ICS US Treasury Fund on the Hedera network, which caused the $HBAR price to jump.
However, it was later clarified that BlackRock was not involved in the tokenization itself; rather, the companies Archax and Ownera were responsible for the tokenization using the Hedera network, leading to a price correction.
#hedera #HederaNetwork #TrendingTopic
Initially, the Hedera Foundation's post led many to believe BlackRock was directly tokenizing its ICS US Treasury Fund on the Hedera network, which caused the $HBAR price to jump.
However, it was later clarified that BlackRock was not involved in the tokenization itself; rather, the companies Archax and Ownera were responsible for the tokenization using the Hedera network, leading to a price correction.
#hedera #HederaNetwork #TrendingTopic
Here is the clarification from #BlackRock CEO as he reposted the news of BlackRock collaborating with $HBAR .
📈 BlackRock's #IBIT reaches a 71-day inflow streak, securing a spot in the Top 10 all-time, surpassing #ETF giants $JETS, $BND, and $VEA.
#BlackRock #ETFs #TrendingTopic
#BlackRock #ETFs #TrendingTopic
o token nativo de Hedera, $HBAR , teve um aumento de quase 100% no preço após um anúncio envolvendo #BlackRock mintira agora minha pergunta e vocês estão ou não em RWA. sejam transparente ...vocês não precisam ficar mentindo sabemos que a HBAR e um grande projeto . vocês estão ou não em RWA ?se manifesta @HBAR 🤔
🤑 Hedera Hashgraph's native token, $HBAR , experienced a significant surge in price following the news of BlackRock's tokenization of its Money Market Fund (MMF) on the Hedera network. The collaboration between Archax, Ownera, and The HBAR Foundation facilitated this groundbreaking tokenization, marking a milestone in asset management by bringing the world's largest asset manager on-chain.
This move highlights the growing trend of real-world asset (RWA) tokenization on blockchain platforms like Hedera, designed for institutional-grade tokenization at scale.
👌Overall, the collaboration between #BlackRock and #HederaHashgraph through the tokenization of MMFs signifies a significant advancement in the adoption of #blockchain technology in traditional finance. This partnership not only validates the utility of blockchain for asset management but also demonstrates the growing interest and confidence in the capabilities of platforms like Hedera for real-world asset tokenization.
#BullorBear
This move highlights the growing trend of real-world asset (RWA) tokenization on blockchain platforms like Hedera, designed for institutional-grade tokenization at scale.
👌Overall, the collaboration between #BlackRock and #HederaHashgraph through the tokenization of MMFs signifies a significant advancement in the adoption of #blockchain technology in traditional finance. This partnership not only validates the utility of blockchain for asset management but also demonstrates the growing interest and confidence in the capabilities of platforms like Hedera for real-world asset tokenization.
#BullorBear
BlackRock tokenizes Money Market Fund on Hedera, 🚀🚀HBAR price soars 100%
Archax, Ownera, and The 💰HBAR Foundation pioneered Hedera's first BlackRock MMF tokenization.
Hedera Council member abrdn tokenized its MMFs last year.
The ecosystem's fundamental, Real World Assets, has driven Hedera Hashgraph (HBAR) price up.
Hedera is designed for institutional RWA tokenization at scale, and the developers have brought the world's biggest asset manager on-chain to boost asset management.
BlackRock tokenizes Hedera MMF
Archax, Ownera, and The HBAR Foundation allowed Hedera's first tokenization of BlackRock's money market fund (MMF), a real-world assets (RWAs) industry first.
The London-based digital asset exchange, broker, and custodian Archax, the HBAR Foundation, and Ownera, an institutional-grade digital assets platform, formed a joint venture to introduce the MMF to Hedera.
In 2023, abrdn plc, the UK's biggest active wealth management and a Hedera Council member, tokenized its MMFs on Hedera. They also revolutionized asset management with their tokenized funds.
The implications for traders
Money Market Funds are secure, liquid, and reliable investments for investors who want to protect wealth and manage cash. Its institutional stability and yield make it valuable for RWAs.
Users may trade shares on Archax using tokenized MMFs. Other features include faster transfers and collateral deployment instead of subscriptions and redemptions.
The HBAR Foundation CEO Shayne Higdon stated:
Archax-enabled MMF shares tokenized on Hedera are a big vote of confidence. Hedera's speed, security, and cheap cost make it suitable for Archax's institutional-grade tokenization of real-world assets.
It supports BlackRock CEO Larry Fink's claim that financial asset tokenization allows immediate settlement.
HBAR pricing response as Hedera gets asset management heavyweight
The announcement drove Hedera Hashgraph price up 100% to $0.1776. Levels last tested April 25, 2022.
#RWA #HBAR $HBAR #BlackRock
Archax, Ownera, and The 💰HBAR Foundation pioneered Hedera's first BlackRock MMF tokenization.
Hedera Council member abrdn tokenized its MMFs last year.
The ecosystem's fundamental, Real World Assets, has driven Hedera Hashgraph (HBAR) price up.
Hedera is designed for institutional RWA tokenization at scale, and the developers have brought the world's biggest asset manager on-chain to boost asset management.
BlackRock tokenizes Hedera MMF
Archax, Ownera, and The HBAR Foundation allowed Hedera's first tokenization of BlackRock's money market fund (MMF), a real-world assets (RWAs) industry first.
The London-based digital asset exchange, broker, and custodian Archax, the HBAR Foundation, and Ownera, an institutional-grade digital assets platform, formed a joint venture to introduce the MMF to Hedera.
In 2023, abrdn plc, the UK's biggest active wealth management and a Hedera Council member, tokenized its MMFs on Hedera. They also revolutionized asset management with their tokenized funds.
The implications for traders
Money Market Funds are secure, liquid, and reliable investments for investors who want to protect wealth and manage cash. Its institutional stability and yield make it valuable for RWAs.
Users may trade shares on Archax using tokenized MMFs. Other features include faster transfers and collateral deployment instead of subscriptions and redemptions.
The HBAR Foundation CEO Shayne Higdon stated:
Archax-enabled MMF shares tokenized on Hedera are a big vote of confidence. Hedera's speed, security, and cheap cost make it suitable for Archax's institutional-grade tokenization of real-world assets.
It supports BlackRock CEO Larry Fink's claim that financial asset tokenization allows immediate settlement.
HBAR pricing response as Hedera gets asset management heavyweight
The announcement drove Hedera Hashgraph price up 100% to $0.1776. Levels last tested April 25, 2022.
#RWA #HBAR $HBAR #BlackRock
BlackRock tokenizes Money Market Fund on Hedera, HBAR surges!
Archax, a regulated digital asset exchange and custodian, has partnered with the HBAR Foundation to tokenize shares of BlackRock's ICS US Treasury Money Market Fund on the Hedera network. This marks a significant development in the real-world asset (RWA) tokenization space and could potentially open up new avenues for institutional investment in the crypto market.
The news has fueled a surge in HBAR's price, which has skyrocketed over 75% in the past day. This follows on the heels of abrdn plc tokenizing its MMFs on Hedera last year, further solidifying the network's position as a viable platform for tokenized securities.
What are your thoughts on this development? Will it lead to wider adoption of Hedera and tokenized assets?
#HederaHashgraph #HBARUSD #Cryptocurrency #SecurityTokenization #BlackRock
Archax, a regulated digital asset exchange and custodian, has partnered with the HBAR Foundation to tokenize shares of BlackRock's ICS US Treasury Money Market Fund on the Hedera network. This marks a significant development in the real-world asset (RWA) tokenization space and could potentially open up new avenues for institutional investment in the crypto market.
The news has fueled a surge in HBAR's price, which has skyrocketed over 75% in the past day. This follows on the heels of abrdn plc tokenizing its MMFs on Hedera last year, further solidifying the network's position as a viable platform for tokenized securities.
What are your thoughts on this development? Will it lead to wider adoption of Hedera and tokenized assets?
#HederaHashgraph #HBARUSD #Cryptocurrency #SecurityTokenization #BlackRock
