Nasdaq’s submission of the long-expected amended 19b-4 forms for BlackRock and Valkyrie prompted optimism from Eric Balchunas, Bloomberg’s senior ETF analyst. The SEC requested these amendments, signaling contentment as “no additional feedback” was needed after the latest revisions.
The SEC’s informal approval suggests a green light for the ETFs, with official endorsements anticipated next Monday. Sources hint that final S-1 submissions are due at 8 am, aligning the launch for January 11th, when trading for these ETFs is expected to commence.
Up to 11 ETFs may gain approval, including major players like BlackRock and Fidelity. Uncertainty looms over Grayscale’s approval, given their distinct uplisting process, possibly delaying approval until Monday alongside other issuers.
Speculations circulate that BlackRock may invest $2 billion in Bitcoin on Thursday and Friday, while Ark Invest contemplates a $130 million investment. Eric Balchunas notes, “If true, $2 billion would set unprecedented records for first-day ETF trading volume and assets under management.”
Inhoudsopgave
Bitcoin’s price remains Stable
Despite the amendments’ filing, Bitcoin’s price remains stable, potentially due to the market’s anticipation, Wall Street’s weekend break, and the newness of the process causing delayed information dissemination.
The revelation of BlackRock’s rumored $2 billion investment did not significantly impact Bitcoin’s price, which currently stands at $44,000. Balchunas confirms a second source supporting the claim of substantial initial investments lined up by BlackRock.
These developments hint at significant buying activities next week, both from issuers and crypto holders diversifying their portfolios. Updates reveal that Bitwise, Grayscale, Ark, Invesco/Galaxy, Hashdex, WisdomTree, Fidelity, Franklin, and VanEck have also filed amended 19b-4s, signaling a unanimous push for ETF approval.
BlackRock, Valkyrie, SEC, ETFs, Bitcoin, Nasdaq, 19b-4, Eric Balchunas, S-1, Trading Launch. Financial Markets, Cryptocurrency, Wall Street, Grayscale, Ark Invest, Investment, Market Speculation, Market Trends, Crypto Holders, Portfolio Diversification, Price Stability, Investment Rumors, Asset Management, Market Developments, WisdomTree, Fidelity, Franklin, VanEck, Institutional Investors.
Want to learn more about bitcoin mining or start mining yourself?
“This data underscores considerably stronger profitability in the mining sector compared to challenges experienced in 2022 and part of 2023.”
In approximately six months, Bitcoin undergo a “halving,” reducing the new bitcoins awarded to miners by half. Satoshi Nakamoto introduced this event in 2009 as an anti-inflationary measure. Occurring roughly every four years, the lead-up to halvings traditionally proves the most profitable time for crypto investors. “Buying bitcoin six months before a halving and selling 18 months after has historically outperformed a ‘buy and hold’ strategy,” affirms the analyst.
Bitcoin mining explained.
Bitcoin Mining is the industry where the largest institutional party BlackRock is betting big and has recently become majority shareholder in four of the five largest mining companies.
You buy one or more Bitcoin mining machines and within 6-8 weeks it is mining for you with a current rate of 5.2 cents including hosting. Security and maintenance. What does a miner cost? How can these power rates be so low? Want to know more?
Attend the free Q&A about mining:
With Mitchell Weijerman (CEO of Epic Mining) on wednesday the 17 of januari at 7PM for free. Where Mitchell answer all your questions live.
Also you can calculate profit in this spreadshee
Full article about mining in depth you can find here. Bitcoin mining – Buy Low Mine High.
The simple way how smart investors can profit from a broken banking system. How crypto miners made 16.7 billion USD in 1 year and how we can get a piece of it. How anyone can make money with crypto mining within 4-8 weeks, regardless of your knowledge or experience.
