DeFi News Today TheBitTimes.com

The interesting thing about the filing is that BlackRock has chosen Coinbase as the custodial services provider. Yes, it’s the same Coinbase against whom the US SEC filed a lawsuit recently for violating custody rules, among other charges. If the SEC were to approve the BlackRock filing, it could also mean a fast settlement of the lawsuit. advertisement Crypto market experts have weighed in their opinion on the matter. Popular crypto analyst WhaleWire explains: “ With BlackRock’s Spot Bitcoin ETF application, they say they will custody with Coinbase exchange. CoinBase is a SEC noncompliance company, so like every other Bitcoin ETF, this has a 99% chance of being rejected. ETFs are also such a powerful way of manipulating prices (down), so that’s actually a good thing for bulls”. Market analyst and expert Will Clemente calls it “Hilarious”. He adds that the dots don’t join considering the fact that the SEC sued Coi...

$BITO’s Strong Performance According to Eric Balchunas, Senior ETF Analyst for Bloomberg, $BITO had its largest weekly inflow in a year, accompanied by a notable trading volume of half a billion shares on Friday. Despite concerns about the impact of futures roll costs on $BITO’s performance, it has demonstrated an impressive ability to track the price of Bitcoin closely. advertisement Adding to it, Eric said: It’s lagged spot by 1.05% ann, but it’s fee is 0.95% = only 10bps of roll (extra) costs, which is rounding error. Many predicted >5% a yr. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...