📣 Gate.io Post Crypto Observer Call to Action!
📈 Share crypto news & win great rewards daily!
💓 Don't hesitate, join now ⏬
1. Share daily crypto news, market trends, and insights into your post.
2. Include the #CryptoObservers# to successfully participate.
🎁 5 lucky "Crypto Observers" will be rewarded $2 token rewards each weekday!
📌 The winners list will be announced daily, and rewards will be distributed together next week.
⏰ Ends at 16:00 PM, September 30 (UTC)
BlackRock seeks to purchase more Bitcoin ETFs
Investment giant BlackRock has filed a new application with the U.S. Securities and Exchange Commission (SEC) to buy more Bitcoin (BTC) ETFs.
According to an updated filing on the regulator’s website, BlackRock wants to buy more Bitcoin ETFs for its Strategic Income Opportunities Fund.
BlackRock’s fund, listed under the ticker symbol IBIT, is currently considered the best-performing fund on the market. It accounts for about half of the total trading volume of spot BTC-ETFs on the market. According to data from March 5, BlackRock IBIT’s trading volume reached $2.4 billion, and assets under management (AUM) exceeded $11 billion.
The fate of an Ethereum (ETH) ETF remains unknown. On March 4, the SEC again postponed its decision on the application for the issue of Ethereum-ETF, submitted by BlackRock in November 2023. The commission said it would conduct further analysis of the proposed rule change to determine whether it complies with the Securities Act, which, among other things, establishes national exchange rules on securities.