Global #Blackrock

Eric Balchunas, a senior ETF analyst at Bloomberg, recently shared insights on BlackRock's operational diligence regarding its Bitcoin ETF. On the X platform, he highlighted that BlackRock runs its own blockchain node and conducts nightly checks of Bitcoin balances from wallet addresses at Coinbase Prime.

The U.S. Securities and Exchange Commission (SEC) has approved a significant rule change, allowing Nasdaq’s International Securities Exchange (ISE) to list and trade options on the iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) managed by BlackRock.

In a significant move to cater to Brazilian investors, BlackRock is set to list the iShares Ethereum Trust as Brazilian Depositary Receipts (BDRs) under the ticker ETHA39.

The investment landscape is poised for a notable shift with the recent proposal for options trading on BlackRock’s anticipated spot Ethereum ETF. This development follows the SEC’s approval of Ethereum ETFs from prominent firms like Franklin Templeton and VanEck.

In a recent interview with Bloomberg, Samara Cohen, BlackRock's Chief Investment Officer of ETFs and Index Investments, forecasted that Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be integrated into model portfolios by the end of this year and into 2025.

BlackRock, a leading global investment management corporation, has indicated a strong preference for Bitcoin and Ethereum in the realm of cryptocurrency exchange-traded funds (ETFs).