Earlier today, major news platform Altcoin Daily reported “BlackRock Cardano Is it heading towards? A tweet saying threw. This triggered various reactions in the crypto community on Twitter. Most members were optimistic about a potential collaboration. Moreover, one user predicted that the investment management company will invest in all the top thirty coins.
Is BlackRock looking into Cardano? pic.twitter.com/QBx7u8N2uQ
NEWS CONTINUES BELOW— Altcoin Daily (@AltcoinDailyio) October 1, 2023
Koinfinans.com As we reported, the meeting took place after the SEC postponed its decisions on Ark 21Shares and GlobalX until January. Bitcoin ETF It started with him postponing his decisions regarding his proposal. These latest expected delays on Thursday were specifically related to Bitcoin ETF applications submitted by BlackRock, Valkyrie and Bitwise. Crypto analysis platform Analytics Insight highlighted the importance of BlackRock’s BTC ETF in bringing “fresh money” into Cardano (ADA). In one article it was said:
BlackRock’s Bitcoin ETF is emerging as a major player… It is poised to inject fresh capital into a variety of digital assets, including Bitcoin and up-and-coming cryptocurrencies like Cardano, Shiba Inu, and Bitcoin Spark.
NEWS CONTINUES BELOW
Crypto trader BullishAlex also expressed his confidence in Cardano ETFs, saying, “A Cardano ETF is inevitable in the future.” Similarly, another popular crypto-related Twitter account noted that BlackRock’s entry into Cardano would potentially show that Proof-of-Stake (PoS) blockchain networks are becoming more widely known. In addition, it will lead to “a shift in corporate interest towards more environmentally sustainable blockchain technologies.”
Meanwhile, amid the SEC’s delay in approving Valkyrie’s application for an ETH futures contract, the asset management company announced that it will provide US investors with exposure to ETH futures alongside its existing Bitcoin Strategy ETF.
According to a spokesperson from Valkyrie, the Bitcoin Strategy ETF will provide investors with access to both Bitcoin and Ether futures within a single investment vehicle. Effective October 3, the fund will change its name to Valkyrie Bitcoin and Ether Strategy ETF.
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