On Wednesday, Bitcoin surged nearly 8% in intraday trading, breaking the $30000 mark and approaching its highest level in 2023.Just a few days ago, BlackRock submitted an application to the U
On Wednesday, Bitcoin surged nearly 8% in intraday trading, breaking the $30000 mark and approaching its highest level in 2023.
Just a few days ago, BlackRock submitted an application to the U.S. Securities and Exchange Commission to launch a spot bitcoin ETF. According to the application documents, if approved by regulatory authorities, Coinbase will become the custodian of the Bitcoin ETF.
In response, Matt Hougan, chief investment officer of Bitwise Asset Management, the world's largest Cryptocurrency Index fund management company, wrote on Twitter:
"The future of Cryptocurrency is more BlackRock than security."
Michael Novogratz, chief investment officer of Galaxy Digital, a Cryptocurrency investment company, also said that BlackRock's launch of Bitcoin ETF would be a great blessing for Bitcoin.
But so far this year, the SEC has rejected all applications for Bitcoin spot ETFs, but has approved some Bitcoin futures ETFs.
BlackRock executives seem to be very positive about this, believing that the Group has the ability to launch new ETFs. Larry Fink, chief investment officer of BlackRock, said on the summer conference call that the company still saw "increasing interest of institutional clients in these assets".
However, some dissenting employees are leaving BlackRock.
According to an employee involved in BlackRock's Cryptocurrency program, "even if Cryptocurrency enthusiasts find supporters internally, people still choose to leave."
Another former employee said that BlackRock has a "full-time route to interesting work", that is, full-time digital assets or blockchain research. This insider also stated that,
"BlackRock seems impossible to do anything in this field in the short term, which is why I think many of us have left."
In addition to internal "defection", the big V in the field of Cryptocurrency also took the opportunity to criticize BlackRock.
A venture capitalist with 197000 followers on Twitter wrote, "So BlackRock, Citadel, Deutsche Bank and NASDAQ all started to enter the field of encryption last week. They suppressed participants out so that they could buy cheap tokens. The future trajectory of Cryptocurrency has never been so clear."
A commercial podcast host tweeted to his 903000 fans: "They don't want to destroy Cryptocurrency. They just want to destroy the current Cryptocurrency industry and give it to their trusted followers. These people are Citadel, BlackRock, JPMorgan Schwab..."
A BlackRock spokesman declined to comment.
This article originates from the financial industry
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
