Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»BlackRock is making it easier for Wall Street banks like Goldman Sachs to participate in a spot Bitcoin ETF.
TRADING NEWS

BlackRock is making it easier for Wall Street banks like Goldman Sachs to participate in a spot Bitcoin ETF.

By Crypto FlexsDecember 13, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock is making it easier for Wall Street banks like Goldman Sachs to participate in a spot Bitcoin ETF.
Share
Facebook Twitter LinkedIn Pinterest Email

join us telegram A channel to stay up to date on breaking news coverage

Asset management titan black stone I corrected the spot Bitcoin We apply ETF (Exchange Traded Fund) to make it easier for Wall Street banks to participate.

The revised ETF version allows new shares to be created using cash rather than cryptocurrency. Under the new agreement, banks can also act as authorized participants in ETFs.

This would allow large banks like JPMorgan and Goldman Sachs to avoid restrictions that currently prevent them from holding Bitcoin and other cryptocurrencies directly on their balance sheets.

BlackRock: The Secret World of Power – DW – August 17, 2015

A new model was introduced to the U.S. Securities and Exchange Commission (SEC) at a meeting held on November 28, attended by six BlackRock members and three Nasdaq members.

In the modified model, authorized participants transfer cash to a broker-dealer.

These broker-dealers convert cash into: Bitcoin Coinbase Custody prior to depositing with the ETF’s custodian service provider designated by BlackRock.

This model would also shift risk away from authorized participants and place it more in the hands of market makers.

BlackRock said the new model offers “unparalleled resistance to market manipulation.”

This covers one of the following: Securities and Exchange Commission (SEC) Major concerns led the regulator to repeatedly reject all previous spot Bitcoin ETF applications.

BlackRock added that the new ETF structure will enhance investor protection while lowering transaction costs and increasing “simplicity and harmony” across the broader Bitcoin ETF ecosystem.

BlackRock’s Spot Bitcoin ETF Could Open Trillion-Dollar Floodgates

The potential approval of this new model could significantly increase the influx of investment in new products.

This will allow $1 trillion Wall Street banks to participate without having direct exposure to cryptocurrencies.

Regulations currently prohibit these trillion-dollar banks from adding Bitcoin and other cryptocurrencies to their balance sheets.

Anyone who might want to move out of the way, leave the runway clear.

— Eric Balchunas (@EricBalchunas) November 28, 2023

The SEC must make a decision on BlackRock’s application by January 15, with a final deadline set for March 15. However, ETF analysts predict that the SEC may reveal decisions on several pending applications between January 5 and 10.

Related articles:

A new cryptocurrency mining platform – Bitcoin Minetrix

Bitcoin MinetrixBitcoin Minetrix
  • Thanks to Coinsult
  • Decentralized, secure cloud mining
  • Get free Bitcoin every day
  • Native token currently in pre-sale – BTCMTX
  • Staking Rewards – APY 100% or more

Bitcoin MinetrixBitcoin Minetrix


join us telegram A channel to stay up to date on breaking news coverage

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025
Add A Comment

Comments are closed.

Recent Posts

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025
Most Popular

DOGE open interest increases 19% as price ‘breaks’ to monthly high

July 21, 2024

Givearn continues to improve the experience for cryptocurrency beginners with new learning sections.

January 27, 2024

Pi Squared Raises $12.5M in Seed Funding Led by Polychain Capital to Build Universal ZK Circuits Powered by Proof of Proof

July 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.