BlackRock, the world’s largest asset manager, has made an important change to its Bitcoin exchange-traded fund (ETF) application in the United States. In an update to its filing with the Securities and Exchange Commission (SEC), BlackRock has included the ability for approved banks to lend out shares of the Bitcoin ETF to authorized participants. This move could potentially increase the availability and liquidity of the ETF by allowing market participants to borrow and trade more shares. BlackRock’s revised filing marks another significant step in the company’s pursuit of launching a Bitcoin ETF in the US.
In other news, the demand for El Salvador’s crypto-linked citizenship is on the rise. El Salvador made history earlier this year by becoming the first country to adopt Bitcoin as legal tender. In an effort to boost its economy and attract foreign investment, the country is now offering citizenship to individuals who invest three Bitcoin into the country. This move has generated significant interest, with many individuals seeing it as an opportunity to gain citizenship in a Bitcoin-friendly nation.
Additionally, there has been an attorney interview with Sam Bankman-Fried, the founder of cryptocurrency exchange FTX. In the interview, Bankman-Fried discusses the challenges and risks associated with running a cryptocurrency exchange, as well as his belief in the future of decentralized finance (DeFi) and the potential impact it could have on traditional financial systems. The interview provides valuable insights into the world of cryptocurrency from one of its prominent figures.
– BlackRock Updates Bitcoin ETF Filing: BlackRock has made a change to its Bitcoin ETF application, allowing approved banks to lend out shares. This could increase the liquidity and availability of the ETF.
– El Salvador’s Crypto citizenship: El Salvador is offering citizenship to individuals who invest three Bitcoin in the country. This is seen as an opportunity to gain citizenship in a Bitcoin-friendly nation.
– Interview with Sam Bankman-Fried: The founder of FTX, a prominent cryptocurrency exchange, discusses the challenges and future of the cryptocurrency industry.
Overall, these developments highlight the continued growth and interest in the cryptocurrency space. With major institutions like BlackRock exploring Bitcoin ETFs and countries like El Salvador embracing cryptocurrencies, the industry is evolving and gaining broader acceptance. The interview with Sam Bankman-Fried provides additional insights into the potential of cryptocurrencies and decentralized finance. As the industry continues to mature, it will be interesting to see how these developments shape its future.