Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»BlackRock prepares to cut staff amid expectations for Bitcoin ETF
TRADING NEWS

BlackRock prepares to cut staff amid expectations for Bitcoin ETF

By Crypto FlexsJanuary 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock prepares to cut staff amid expectations for Bitcoin ETF
Share
Facebook Twitter LinkedIn Pinterest Email

BlackRock’s Strategic People Alignment

BlackRock, the world’s largest asset management company, is reportedly preparing to reduce its global workforce by about 3%. The move, involving about 600 employees, comes against the backdrop of the company’s hopeful expectations that the U.S. Securities and Exchange Commission (SEC) will approve its application for a spot Bitcoin exchange-traded fund (ETF).

Bitcoin ETF Application and SEC Deadlines

BlackRock’s decision coincides with an important time in the cryptocurrency investment space. The company, along with other asset managers such as Valkyrie, Grayscale, and ARK 21Shares, recently filed 19b-4 amendments to their respective spot BTC ETF applications. The filing, filed Jan. 5, represents one of the final steps in the SEC approval process.

The SEC is expected to make a decision on the ARK 21Shares spot Bitcoin ETF by January 10th, while the application deadline for BlackRock’s own Bitcoin ETF is set for January 15th. This period brings heightened anticipation within the cryptocurrency community as there could be SEC approval. This marks a significant change in the availability and accessibility of Bitcoin investment products.

Efforts to apply the Bitcoin ETF model to Wall Street

In a strategic move reported in December 2023, BlackRock modified its Bitcoin ETF application to make it more attractive to Wall Street banks. The proposed in-kind redemption model would allow major banks to participate as authorized participants in the fund, allowing them to create new shares with cash instead of using cryptocurrencies directly. This model could help banks navigate regulatory restrictions that prevent them from holding bitcoin or cryptocurrencies on their balance sheets.

Implications for BlackRock and the cryptocurrency market

BlackRock’s workforce cuts, although part of routine internal adjustments based on employee performance, come at a time when the company sees significant potential in the cryptocurrency industry. The approval of a Bitcoin ETF could open new doors for institutional investment in Bitcoin, aligning with BlackRock’s broader strategy in the digital asset market.

A critical moment for institutional cryptocurrency investing

As BlackRock navigates these organizational changes, the asset management giant is at the forefront of a potential new era of institutional cryptocurrency investing. The approval of a spot Bitcoin ETF could be a watershed moment, along with other applications, further integrating cryptocurrencies into mainstream financial portfolios.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

Distributed financial introduction

August 24, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 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

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025
Most Popular

THE DAILY: Wall Street is Rug in Coinbase News and Bitcoin’s accumulation race is extended to Brazil.

May 17, 2025

Bitcoin and the Ever-Expanding Galaxy of Digital Coins

June 26, 2024

Comparison of Ledger Stax and Trezor Model T

February 23, 2025
  • 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.