Everyone Is WRONG About The Bitcoin ETF - Raoul Pal 2024 Prediction
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Bitcoin is eyeing $30,000. It's found support around $28,150 and is climbing upwards. A rising channel towards $30,000 is forming, but risks exist in this volatile market.
The battle for the first spot in Bitcoin ETF approval is heating up. BlackRock, one of the giants in asset management, filed amendments to its application with the SEC. This move follows similar amendments made by Ark Invest and Fidelity, underlining the fierce competition in the race.
In these amendments, BlackRock provides more details about its ETF, including the custodians for Bitcoin and cash holdings. The amendments also touch on pricing details, which are vital in the world of ETFs.
Notably, this competition includes Grayscale, the largest Bitcoin trust fund. After Grayscale's courtroom win against the SEC, the entire landscape of Bitcoin ETFs is shifting. The SEC's stance is under scrutiny, and the industry is pushing for regulatory clarity.
BlackRock's move could be a game-changer in the race to launch the first spot Bitcoin ETF in the United States.
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#Ethereum #Bitcoin
