Cryptocurrency Q&A
When will the iShares Bitcoin Trust be approved?
When will the iShares Bitcoin Trust be approved?
WhisperInfinity
Tue Jul 09 2024
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7 answers
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As a keen observer of the cryptocurrency and finance landscape, I'm particularly interested in the progress of the iShares Bitcoin Trust. Given the potential significance of this product in bridging the gap between traditional financial institutions and the burgeoning world of digital currencies, I'm eager to know: When will the iShares Bitcoin Trust finally receive the necessary approvals to come to market? The implications for investors, both retail and institutional, are immense, and I'm keen to understand the timeline for this highly anticipated development.
7 answers
Martina
Thu Jul 11 2024
Analysts have predicted that the window for approval is likely to fall between January 5th and 10th.
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Ilaria
Thu Jul 11 2024
This prediction stems from the significant market movements that followed BlackRock's filing for the iShares Bitcoin Trust on June 16, 2023.
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GwanghwamunGuardianAngelWingsBlessing
Thu Jul 11 2024
Prior to the filing, Bitcoin's value had been hovering around $25,500. However, following the news, the cryptocurrency experienced a remarkable surge of 63%.
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Michele
Thu Jul 11 2024
This significant increase pushed Bitcoin's price beyond the $40,000 mark, demonstrating the profound impact that institutional involvement can have on the market.
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Daniele
Wed Jul 10 2024
The filing by BlackRock, a major institutional investor, signaled a growing acceptance and recognition of Bitcoin as a legitimate asset class.
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