📌BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say
➡️Exchange Traded Fund (ETF) terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions. BlackRock’s (BLK) iShares unit on Thursday filed an application with the U.S. Securities and Exchange Commission (SEC). The name and other details of the proposal sparked some confusion among industry experts as to whether BlackRock was applying for an ETF or a trust with properties similar to the Grayscale Bitcoin Trust (GBTC). The answer is both. “It’s a reminder of just how complex ETF terminology is,” Noelle Acheson, editor of Crypto is Macro Now, said. “Technically, BlackRock's proposal is for a trust, but it's a trust that allows redemptions, so it functions just like an ETF.”. The key distinction is that an ETF for spot bitcoin “would be able to buy bitcoin at the end of the trading day to bring the fund's assets in line with its trading price💸
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Читать полностью…📌MakerDAO Achieves Record-Breaking 147% Surge in Annualized Income for 2023
According to data from MakerBurn, the decentralized autonomous organization (DAO) MakerDAO has achieved a significant milestone, with its current annualized income reaching a record high of $95 million. This marks a substantial increase of 147% since the beginning of the year, making it the highest level recorded since mid-February 2022. The surge in income can be attributed to DAO’s strategic use of PSM USDC to purchase U.S. Treasury bonds, thereby generating interest income. MakerDAO, a prominent player in the DeFi ecosystem, is renowned for its stablecoin DAI, which is backed by a diversified collateral portfolio. The DAO operates on the Ethereum blockchain and provides users with the ability to mint and trade DAI in a decentralized manner. As an integral part of the DAO ecosystem, the PSM (Peg Stability Module) USDC facilitates the stabilization of DAI’s value against the U.S. dollar. The recent boost in DAO’s income can be attributed to its decision to utilize PSM USDC to purchase U.S. Treasury bonds. This strategic move has not only increased the DAO’s holdings of U.S. Treasury bonds but has also allowed DAO to generate interest income from these bonds💸
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Читать полностью…Binance Vs SEC | Binance Is in Deep Trouble Withdrawal your funds now.
CZ gets Court Summons , Coinbase Undecided on Delisting Assests following Sec Complaint 👇
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📣Binance, CZ Agree to Repatriate US Customer Assets, SEC Secures Court Order🍌
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📌CoinEx to leave U.S. after settling New York lawsuit.
➡️Source :👆
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Binance responds to transaction in billions on exchange outflows
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Bitcoin Analysis in Hindi | Bitcoin current support update and ALTS BIG UPDATE
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‼️‼️Binance Vs US | TOP DIP Buying ALT COINS in this DUMP | BIG DUMP AHEAD ?
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