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GGK coin with constant growth from the real sector of the economy
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Bitcoin is manipulated by the wealthiest people and companies. This is Black Rock, and the cryptocurrency exchanges Binance, Kraken, Bybit, Hiperlyckvid led by Trump, who orders the U.S. government treasury to sell or buy #BTC. . Then accordingly, they share all the profits from short sellers and long holders liquidated on all these exchanges. Traders in futures, leveraged trading, and margin trading have lost over several tens of billions $ during Trump's recent administration.
Analysis and Views on the Current Cryptocurrency Market Situation
#BTC走势分析
Analysis and Views on the Current Cryptocurrency Market Situation
For many years, I have been deeply researching blockchain and cryptocurrency technologies, as well as their profound impact on the global economy and financial systems. Throughout this process, I have gradually formed a clear and firm judgment:
Cryptocurrencies should not be viewed as endless speculative tools; rather, they should primarily be used to empower the real economy, serving as a supplementary mechanism to promote genuine business development and attract investment.
Currently, the cryptocurrency market is experiencing significant volatility, especially with the dramatic fluctuations in Bitcoin prices. It is important to note that this volatility is largely not driven by the fundamentals of the technology itself, but rather by a combination of the political environment, macroeconomic changes, and the concentration of market influence in the hands of a few large participants.
Analysis and Views on the Current Cryptocurrency Market Situation
For many years, I have been deeply researching blockchain and cryptocurrency technologies, as well as their profound impact on the global economy and financial systems. Throughout this process, I have gradually formed a clear and firm judgment:
Cryptocurrencies should not be viewed as endless speculative tools; rather, they should primarily be used to empower the real economy, serving as a supplementary mechanism to promote genuine business development and attract investment.
Currently, the cryptocurrency market is experiencing significant volatility, especially with the dramatic fluctuations in Bitcoin prices. It is important to note that this volatility is largely not driven by the fundamentals of the technology itself, but rather by a combination of the political environment, macroeconomic changes, and the concentration of market influence in the hands of a few large participants.
I hope you find this interesting
#BTC走势分析
The investment philosophy and development strategy of the CryptoLady project
After years of in-depth research into blockchain technology and cryptocurrencies, I have formed a clear and systematic judgment.
The long-term value of the cryptocurrency industry does not come from speculation, but from genuine business models that are deeply integrated with Web3.
The current cryptocurrency market is still in a highly volatile phase. The significant price fluctuations are largely influenced by macroeconomic and political factors, as well as the concentration of capital. In such an environment, short-term speculative models carry extremely high risks and are also difficult to create sustainable value.
The investment philosophy and development strategy of the CryptoLady project
After years of in-depth research into blockchain technology and cryptocurrencies, I have formed a clear and systematic judgment.
The long-term value of the cryptocurrency industry does not come from speculation, but from genuine business models that are deeply integrated with Web3.
The current cryptocurrency market is still in a highly volatile phase. The significant price fluctuations are largely influenced by macroeconomic and political factors, as well as the concentration of capital. In such an environment, short-term speculative models carry extremely high risks and are also difficult to create sustainable value.
My business project
The investment position and strategy of the CryptoLady project
After years of working with blockchain technologies and cryptocurrencies, I have come to a systematic conclusion:
Long-term value in the crypto industry is created not by speculation, but by real businesses integrated into the Web3 ecosystem.
The modern crypto market is in a state of high volatility. A significant part of price fluctuations is caused by macroeconomic factors, political decisions, and the concentration of capital among a limited circle of large players. In such conditions, short-term speculative models carry increased risks and do not form stable value.
After years of working with blockchain technologies and cryptocurrencies, I have come to a systematic conclusion:
Long-term value in the crypto industry is created not by speculation, but by real businesses integrated into the Web3 ecosystem.
The modern crypto market is in a state of high volatility. A significant part of price fluctuations is caused by macroeconomic factors, political decisions, and the concentration of capital among a limited circle of large players. In such conditions, short-term speculative models carry increased risks and do not form stable value.
My personal opinion
Analytical opinion on the current situation in the crypto market #BTC #CLADY
For many years, I have been deeply studying blockchain technologies and cryptocurrencies, as well as their impact on the global economy and financial markets. During this time, I have come to an important conclusion: cryptocurrencies should not be used as a tool for endless speculation, but primarily as an additional mechanism for the development of real business and attracting investments.
For many years, I have been deeply studying blockchain technologies and cryptocurrencies, as well as their impact on the global economy and financial markets. During this time, I have come to an important conclusion: cryptocurrencies should not be used as a tool for endless speculation, but primarily as an additional mechanism for the development of real business and attracting investments.
Help dear🥴
Help dear🥴
BTC and CRYPTOLADY
Bitcoin fluctuates up and down, a phenomenon I refer to as volatility, or a market where major players—holders of multi-million and billion-dollar fortunes—engage in manipulation. Yet, we all aspire to profit, preferably with at least modest and stable returns. Therefore, I propose that you invest in my project, CRYPTOLADY. You might wonder why. Here is my answer: it is a product of the highest quality with healing properties and a consistent demand for the female physiological system. Consequently, all profits are reinvested into the liquidity of my coin; the more pads sold, the higher the value of my coin. Thus, there is no manipulation here, only genuine growth, as I am the producer. I will respond to any questions on this topic from each commenter, and yes, I have delved into the origins of Bitcoin and can provide evidence of the identity behind the pseudonym Satoshi Nakamoto, but I will announce this after you request me to share and present the evidence. No problem!
Bitcoin's fluctuations, I call it volatility or the market, where large participants (holders with millions and billions of dollars in wealth) are still manipulating. But we all want to make money, and only with extra points, at least small and stable. Therefore, I suggest you invest in my project CRYPTOLADY. Why do you ask? My answer is: this is a product of the highest quality, with healing properties and a continuous demand for women's physiological bodies. All profits are accordingly invested in the liquidity of my tokens; the more pads I sell, the higher the price of my coins. So, there is no manipulation here, only growth, because I am a producer. I will answer any questions from each commenter on this topic, yes, the second thing is that I have figured it out, and I can provide evidence of who invented Bitcoin and who is hidden behind the nickname 'Satoshi Nakamoto,' but I will announce this after you ask me to tell you and provide evidence. No problem!
Why don't you invest in Bitcoin or coins from real sectors of the economy? K
$LIGHT I just wanted passive income - and now at least I want to take mine. So every day there are shellings, rockets. It's not easy to earn in Ukraine right now. And on top of that, light has let me down.
Scammers in the crypto industry are almost 95%
WARNING! Scammers. Do not fall for these posts, do not fall for the signals given by @kryptosharkss, who changed their name to @cryptowhaless. The signals work 1 out of 10. They post screenshots that are not theirs! He took money for training, then borrowed another $570 three days later. He won't lower himself for 570$ when he makes about 650,000$ . When I commented under his post, he immediately appeared, deleted all correspondence, and blocked me everywhere! #мошенники #btc #bnb #scam
Literally a week ago you @Cointelegraph wrote that Bitcoin would be in the range of 98-103K, now I don't believe you
Cointelegraph
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Bitcoin bull run ‘might actually be over’ as Wyckoff pattern points to $86K
Key takeaways:
Bitcoin’s drop below $100,000 comes as a Wyckoff Distribution pattern points to a potential decline toward $86,000.
Some analysts remain optimistic, arguing that the bull market will hold as long as the $94,000 support level remains intact.
Bitcoin (BTC) has just slipped under the key $100,000 support level, driven by hawkish Federal Reserve prospects and persistent whale selling.
BTC/USDT four-hour chart. Source: TradingView
Now, a classic technical breakdown setup is strengthening the case for prolonged selling in the Bitcoin market.
Wyckoff distribution model warns of BTC price drop to $86,000
The schematic, highlighted by analyst @follis_ on X, shows Bitcoin’s recent structure tracking the classic five-phase Wyckoff Distribution, a pattern often seen near macro market tops, as shown below.
Wyckoff distribution schematic illustration
The alignment is strong enough that the Bitcoin bull market “might actually be over,” @follis_ said.
BTC’s surge above $122,000 marked the Buying Climax (BC), followed by an Automatic Reaction (AR) and Secondary Tests (ST) that failed to create higher highs.
BTC/USDT daily chart. Source: TradingView/follis_
The early-October push toward $126,200 resembled an Upthrust After Distribution (UTAD), a final bullish deviation that signals demand exhaustion.
From there, Bitcoin printed multiple Last Points of Supply (LPSY) and lost mid-range support near $110,000, confirming Phase D.
It dropped below the AR/SOW zone at $102,000–$104,000, then shifted BTC into Phase E, the markdown phase, accelerating the decline. By Friday, BTC had dropped below $95,000 on Binance.
Based on Wyckoff’s measured-move method, the $122,000–$104,000 distribution band implies an $18,000 downside projection, i.e., $86,000 as the primary target.
BTC/USDT daily chart. Source: TradingView/follis_
The bearish shift occurred as global risk appetite deteriorated, driven by fears that the Federal Reserve would not cut interest rates in December.
The US government shutdown, which ended on Thursday, restricted access to key economic data, making policymakers less confident about easing monetary policy. That uncertainty rippled through risk assets, hurting Bitcoin alongside US stocks.
Some Bitcoin analysts are still bullish
Bitcoin’s broader uptrend remains intact unless the price falls below the key $94,000 level, the average cost basis of six- to 12-month holders, according to CryptoQuant CEO Ki Young Ju.
Bitcoin realized price UTXO band chart. Source: CryptoQuant
Bitwise CEO Hunter Horsley said Bitcoin “may have been in a bear market for almost six months” and is now nearing the end of it, adding that “the setup for crypto right now has never been stronger.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin’s drop below $100,000 comes as a Wyckoff Distribution pattern points to a potential decline toward $86,000.
Some analysts remain optimistic, arguing that the bull market will hold as long as the $94,000 support level remains intact.
Bitcoin (BTC) has just slipped under the key $100,000 support level, driven by hawkish Federal Reserve prospects and persistent whale selling.
BTC/USDT four-hour chart. Source: TradingView
Now, a classic technical breakdown setup is strengthening the case for prolonged selling in the Bitcoin market.
Wyckoff distribution model warns of BTC price drop to $86,000
The schematic, highlighted by analyst @follis_ on X, shows Bitcoin’s recent structure tracking the classic five-phase Wyckoff Distribution, a pattern often seen near macro market tops, as shown below.
Wyckoff distribution schematic illustration
The alignment is strong enough that the Bitcoin bull market “might actually be over,” @follis_ said.
BTC’s surge above $122,000 marked the Buying Climax (BC), followed by an Automatic Reaction (AR) and Secondary Tests (ST) that failed to create higher highs.
BTC/USDT daily chart. Source: TradingView/follis_
The early-October push toward $126,200 resembled an Upthrust After Distribution (UTAD), a final bullish deviation that signals demand exhaustion.
From there, Bitcoin printed multiple Last Points of Supply (LPSY) and lost mid-range support near $110,000, confirming Phase D.
It dropped below the AR/SOW zone at $102,000–$104,000, then shifted BTC into Phase E, the markdown phase, accelerating the decline. By Friday, BTC had dropped below $95,000 on Binance.
Based on Wyckoff’s measured-move method, the $122,000–$104,000 distribution band implies an $18,000 downside projection, i.e., $86,000 as the primary target.
BTC/USDT daily chart. Source: TradingView/follis_
The bearish shift occurred as global risk appetite deteriorated, driven by fears that the Federal Reserve would not cut interest rates in December.
The US government shutdown, which ended on Thursday, restricted access to key economic data, making policymakers less confident about easing monetary policy. That uncertainty rippled through risk assets, hurting Bitcoin alongside US stocks.
Some Bitcoin analysts are still bullish
Bitcoin’s broader uptrend remains intact unless the price falls below the key $94,000 level, the average cost basis of six- to 12-month holders, according to CryptoQuant CEO Ki Young Ju.
Bitcoin realized price UTXO band chart. Source: CryptoQuant
Bitwise CEO Hunter Horsley said Bitcoin “may have been in a bear market for almost six months” and is now nearing the end of it, adding that “the setup for crypto right now has never been stronger.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
And how does it work @Cointelegraph ?
Cointelegraph
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Tether to accelerate push into commodity lending with cash, USDt credit
Stablecoin issuer Tether is expanding its presence in commodity lending, with billions of dollars already deployed in the sector, according to CEO Paolo Ardoino.
In an interview with Bloomberg, Ardoino said Tether has extended about $1.5 billion in credit to commodities traders so far, providing financing in both cash and its USDt (USDT) stablecoin.
The company is targeting traditional commodity trades, including agricultural products and oil, and plans to increase its exposure. “We are going to expand dramatically,” Ardoino said.
The lending activity falls within Tether’s recently launched Trade Finance unit — a business line that typically focuses on short-term credit used to facilitate the movement of goods across global supply chains. In the commodities world, trade finance typically provides the funding traders need to purchase, transport and deliver cargoes.
Bloomberg reported that some companies may be hesitant to borrow in USDt rather than dollars, though that reluctance might be outweighed by Tether’s growing financial clout. With nearly $184 billion worth of USDt in circulation, Tether is now among the most profitable companies in the world on a per-employee basis.
Tether’s push into commodities builds on its existing footprint in the sector. Its tokenized gold product, Tether Gold, has surged in size during the bullion’s rally, and Ardoino recently said the company holds more than 100 tons of physical gold.
Source: Cointelegraph
The stablecoin engine driving Tether’s diversification
Tether’s rapid expansion into new business lines is rooted in the success of its stablecoin operation. USDt was originally created to give crypto traders a dollar-linked asset at a time when the industry struggled to access traditional banking services.
Since then, stablecoins have evolved into a mainstream financial tool used for remittances, cross-border payments and onchain settlement — valued for their speed, low cost and round-the-clock transferability. That growth has turned Tether into one of the highest-earning companies in the digital-asset industry, enabling the company’s diversification into trade finance, commodities, AI and other ventures.
The total stablecoin market is now valued at more than $300 billion. USDT’s dominance is about 60%. Source: DefiLlama
Major financial institutions have also begun exploring stablecoin technology in various forms. JPMorgan continues to expand the use of its blockchain-based JPM Coin for institutional payments, while Citigroup has launched tokenized deposit and settlement pilots.
Payments giant Visa recently broadened its own stablecoin settlement capabilities, allowing select businesses to receive payouts in USDC (USDC) under a new pilot program.
Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road
In an interview with Bloomberg, Ardoino said Tether has extended about $1.5 billion in credit to commodities traders so far, providing financing in both cash and its USDt (USDT) stablecoin.
The company is targeting traditional commodity trades, including agricultural products and oil, and plans to increase its exposure. “We are going to expand dramatically,” Ardoino said.
The lending activity falls within Tether’s recently launched Trade Finance unit — a business line that typically focuses on short-term credit used to facilitate the movement of goods across global supply chains. In the commodities world, trade finance typically provides the funding traders need to purchase, transport and deliver cargoes.
Bloomberg reported that some companies may be hesitant to borrow in USDt rather than dollars, though that reluctance might be outweighed by Tether’s growing financial clout. With nearly $184 billion worth of USDt in circulation, Tether is now among the most profitable companies in the world on a per-employee basis.
Tether’s push into commodities builds on its existing footprint in the sector. Its tokenized gold product, Tether Gold, has surged in size during the bullion’s rally, and Ardoino recently said the company holds more than 100 tons of physical gold.
Source: Cointelegraph
The stablecoin engine driving Tether’s diversification
Tether’s rapid expansion into new business lines is rooted in the success of its stablecoin operation. USDt was originally created to give crypto traders a dollar-linked asset at a time when the industry struggled to access traditional banking services.
Since then, stablecoins have evolved into a mainstream financial tool used for remittances, cross-border payments and onchain settlement — valued for their speed, low cost and round-the-clock transferability. That growth has turned Tether into one of the highest-earning companies in the digital-asset industry, enabling the company’s diversification into trade finance, commodities, AI and other ventures.
The total stablecoin market is now valued at more than $300 billion. USDT’s dominance is about 60%. Source: DefiLlama
Major financial institutions have also begun exploring stablecoin technology in various forms. JPMorgan continues to expand the use of its blockchain-based JPM Coin for institutional payments, while Citigroup has launched tokenized deposit and settlement pilots.
Payments giant Visa recently broadened its own stablecoin settlement capabilities, allowing select businesses to receive payouts in USDC (USDC) under a new pilot program.
Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road
My experience
How many foolish people are in the comments just like the post's author. The creator of Bitcoin is Hal Finney!
🤯 Twitter is discussing the version that the person in the photo is "Satoshi Nakamoto" — the creator of BTC.
— Daira Emma Hopwood — cryptographer and blockchain protocol engineer, one of the first members of the Zcash/Electric Coin Company (ECC) team.
— In ECC's profile for 2019, she is referred to as the "key team member" and blockchain engineer.
— There is evidence in which Satoshi Nakamoto mentions this cryptographer. But what could this mean?
— In Satoshi's post from August 13, 2010, "key blinding" and group signatures are discussed — concepts that are close to Daira-Emma's work in Zcash, including "blinded keys" and private transactions.
— As an indirect coincidence, the British trace is pointed out — in Satoshi's messages, British spelling and activity in GMT are found; this is interpreted as a possible connection to Britain.
— It is also emphasized that Daira has British citizenship (public record in Companies House).
— Daira Emma Hopwood — cryptographer and blockchain protocol engineer, one of the first members of the Zcash/Electric Coin Company (ECC) team.
— In ECC's profile for 2019, she is referred to as the "key team member" and blockchain engineer.
— There is evidence in which Satoshi Nakamoto mentions this cryptographer. But what could this mean?
— In Satoshi's post from August 13, 2010, "key blinding" and group signatures are discussed — concepts that are close to Daira-Emma's work in Zcash, including "blinded keys" and private transactions.
— As an indirect coincidence, the British trace is pointed out — in Satoshi's messages, British spelling and activity in GMT are found; this is interpreted as a possible connection to Britain.
— It is also emphasized that Daira has British citizenship (public record in Companies House).
Justin support my project, it will be a good boost for the development of the crypto industry and the real sector of the economy
Justin Sun孙宇晨
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这个TRX有点稳
https://x.com/0xMoon6626/status/1985967114285695365
https://x.com/0xMoon6626/status/1985967114285695365
You should not get involved with Trump at all, especially with his scam coin, because he is an agent of Krasnov and this guy has been sued more than 4000 times throughout his life...
Cointelegraph
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TRUMP memecoin may surge 70% by year’s end
Key takeaways:
TRUMP confirms a falling wedge breakout, targeting a 70% rally toward $13 by 2026.
Issuer’s Republic.com deal talks and $200 million buyback plan strengthen bullish fundamentals.
Official Trump (TRUMP), a Solana-based memecoin associated with US President Donald Trump, is staging a sharp comeback after collapsing by 90% earlier this year.
TRUMP/USDT three-day chart. Source: TradingView
The meme token has rebounded by more than 450% from its October low of $1.50 to trade above $8.30 on Thursday, and technical and fundamental signals now indicate another 70% rally by year’s end.
Falling wedge breakout points to big rally ahead
TRUMP appears to have confirmed a bullish breakout from its months-long falling wedge pattern, a classic reversal structure that often precedes strong trend shifts.
The surge above the wedge’s upper trendline in late October was backed by a spike in trading volume, suggesting renewed market participation after months of decline.
TRUMP/USDT three-day chart. Source: TradingView
TRUMP’s price could rise toward $13, a technical upside target measured upon adding the wedge’s maximum height to the breakout point, by the year’s end. That implies roughly a 70% upside from current levels.
The target aligns with price projections shared by analyst TrentyyX, who expects a full 100% recovery toward the prior horizontal resistance area around $16.50.
Source: X
A decisive close above the 50-day EMA (~$8.82) would likely confirm bullish continuation, while failure to hold this level may delay the rally and invite a retest of the wedge’s upper boundary near $6.50 as support.
TRUMP issuer’s back-to-back announcements
Confidence in TRUMP’s bullish revival has strengthened following two major updates from its issuer, Fight Fight Fight.
On Oct. 30, the company reportedly entered advanced talks to acquire the US operations of Republic.com, a major crowdfunding platform with over 3,000 fundraising rounds.
The deal could enable Republic users to transact using TRUMP tokens, transforming the memecoin from a purely speculative asset into one with real-world utility.
A week later, reports surfaced that Fight Fight Fight plans to raise a $200 million digital-asset treasury to buy back TRUMP tokens, reducing supply and reinforcing scarcity.
Together, these developments strengthen the fundamental backdrop for TRUMP, supporting the bullish wedge breakout outlook highlighted by technical indicators.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
TRUMP confirms a falling wedge breakout, targeting a 70% rally toward $13 by 2026.
Issuer’s Republic.com deal talks and $200 million buyback plan strengthen bullish fundamentals.
Official Trump (TRUMP), a Solana-based memecoin associated with US President Donald Trump, is staging a sharp comeback after collapsing by 90% earlier this year.
TRUMP/USDT three-day chart. Source: TradingView
The meme token has rebounded by more than 450% from its October low of $1.50 to trade above $8.30 on Thursday, and technical and fundamental signals now indicate another 70% rally by year’s end.
Falling wedge breakout points to big rally ahead
TRUMP appears to have confirmed a bullish breakout from its months-long falling wedge pattern, a classic reversal structure that often precedes strong trend shifts.
The surge above the wedge’s upper trendline in late October was backed by a spike in trading volume, suggesting renewed market participation after months of decline.
TRUMP/USDT three-day chart. Source: TradingView
TRUMP’s price could rise toward $13, a technical upside target measured upon adding the wedge’s maximum height to the breakout point, by the year’s end. That implies roughly a 70% upside from current levels.
The target aligns with price projections shared by analyst TrentyyX, who expects a full 100% recovery toward the prior horizontal resistance area around $16.50.
Source: X
A decisive close above the 50-day EMA (~$8.82) would likely confirm bullish continuation, while failure to hold this level may delay the rally and invite a retest of the wedge’s upper boundary near $6.50 as support.
TRUMP issuer’s back-to-back announcements
Confidence in TRUMP’s bullish revival has strengthened following two major updates from its issuer, Fight Fight Fight.
On Oct. 30, the company reportedly entered advanced talks to acquire the US operations of Republic.com, a major crowdfunding platform with over 3,000 fundraising rounds.
The deal could enable Republic users to transact using TRUMP tokens, transforming the memecoin from a purely speculative asset into one with real-world utility.
A week later, reports surfaced that Fight Fight Fight plans to raise a $200 million digital-asset treasury to buy back TRUMP tokens, reducing supply and reinforcing scarcity.
Together, these developments strengthen the fundamental backdrop for TRUMP, supporting the bullish wedge breakout outlook highlighted by technical indicators.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Tokenization of the real sector of the economy, manufacturers that is what is important
Cointelegraph
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BlackRock launches Bitcoin ETP as UK lifts trading ban
BlackRock has launched a Bitcoin-linked exchange-traded product (ETP) in the United Kingdom following the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles.
On Monday, the asset manager’s website showed that the iShares Bitcoin ETP has listed on the London Stock Exchange. According to the Sunday Times, the product, which is structured as a Bitcoin-linked security, will allow investors to buy small fractions of Bitcoin (BTC) through units starting at roughly $11.
The ETP is designed to mirror BTC prices while trading under a regulated framework, allowing investors to participate in the crypto market through traditional brokerage accounts. It allows UK-based retail investors to gain exposure to Bitcoin without directly holding the asset or trading it on crypto exchanges.
BlackRock is one of the most successful issuers of Bitcoin-linked ETPs. According to SoSoValue, the company’s iShares Bitcoin exchange-traded fund (ETF) has net assets of over $85 billion.
iShares Bitcoin ETP listings include the London Stock Exchange. Source: BlackRock
UK FCA eases stance on crypto-linked investment vehicles
The move came weeks after the UK softened its stance on certain crypto-linked ETPs. On Oct. 9, the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs). The regulator said investors can access these products through FCA-approved exchanges based in the UK.
David Geale, FCA executive director of payments and digital finance, said that since they restricted retail ETN access, the market has evolved. He said that products are now more mainstream and better understood.
A crypto ETN is traded similarly to other securities, with its underlying assets held securely by regulated custodians.
While it softened its stance on ETPs, the regulator said its retail ban on crypto asset derivatives will remain. However, the FCA added that it will keep an eye on the market and consider its approach to these “high-risk investments.”
Apart from ETNs, the UK also moved to allow asset managers to use blockchain technology for fund tokenization.
On Oct. 14, the regulator said the move aims to drive innovation and growth in asset management. The regulator recognized that tokenization has the “potential to drive fundamental changes in asset management.”
Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom
On Monday, the asset manager’s website showed that the iShares Bitcoin ETP has listed on the London Stock Exchange. According to the Sunday Times, the product, which is structured as a Bitcoin-linked security, will allow investors to buy small fractions of Bitcoin (BTC) through units starting at roughly $11.
The ETP is designed to mirror BTC prices while trading under a regulated framework, allowing investors to participate in the crypto market through traditional brokerage accounts. It allows UK-based retail investors to gain exposure to Bitcoin without directly holding the asset or trading it on crypto exchanges.
BlackRock is one of the most successful issuers of Bitcoin-linked ETPs. According to SoSoValue, the company’s iShares Bitcoin exchange-traded fund (ETF) has net assets of over $85 billion.
iShares Bitcoin ETP listings include the London Stock Exchange. Source: BlackRock
UK FCA eases stance on crypto-linked investment vehicles
The move came weeks after the UK softened its stance on certain crypto-linked ETPs. On Oct. 9, the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs). The regulator said investors can access these products through FCA-approved exchanges based in the UK.
David Geale, FCA executive director of payments and digital finance, said that since they restricted retail ETN access, the market has evolved. He said that products are now more mainstream and better understood.
A crypto ETN is traded similarly to other securities, with its underlying assets held securely by regulated custodians.
While it softened its stance on ETPs, the regulator said its retail ban on crypto asset derivatives will remain. However, the FCA added that it will keep an eye on the market and consider its approach to these “high-risk investments.”
Apart from ETNs, the UK also moved to allow asset managers to use blockchain technology for fund tokenization.
On Oct. 14, the regulator said the move aims to drive innovation and growth in asset management. The regulator recognized that tokenization has the “potential to drive fundamental changes in asset management.”
Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom
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