It was claimed that the rush of applications started by BlackRock, while evaluating the spot Bitcoin ETF approval as a low probability, was effective in the fall of Bitcoin below 30 thousand dollars.
crypto asset manager CoinShares Research Leader and analyst Chris Bendiksen, BlackRock, the world’s largest asset manager spot Bitcoin (BTC) ETF (exchange mutual fund) of your application possibility of disapproval. drew attention.
BlackRock released its documents in mid-June. to the U.S. Securities and Exchange Commission (SEC)) and shortly after sharing-surveillance at the point of agreement sufficient And clear information application for not providing had been turned back. Asset management company sharing-surveillance USA’s largest cryptocurrency exchange coinbase application by agreement with re-file.
Research leader BlackRock’s rejected application to revise to go and coinbase despite agreement with failure to approve the possibility is still in view pointed out that it should be kept Approval “a remote possibility” Bendiksen, who sees himself as the SEC’s surveillance agreement partner, important He reminded that he attaches importance to understanding with an exchange with Bitcoin volume. However, at this point “important” quite a bit of ambiguous The researcher pointed out that the majority of the spot Bitcoin volume remained USA regulation outside remainder in global stock markets stated there was.
On the other hand, BlackRock’s ETF application Bitcoin ecosystem for quite beneficial Bendiksen, who stated that he was
Even Larry Fink (CEO of BlackRock) sitting in the mainstream economic channels and talking positively about Bitcoin is a useful thing in itself.
Why is Bitcoin stagnant?
Another issue that Bendiksen touched on, apart from the BlackRock ETF, is that Bitcoin has been around since mid-June. 29 thousand with about 32 thousand between dollar levels stable One price action had a watch.
Analyst this situation for three reasons The first reason he mentioned when connecting to Bitcoin after BlackRock application intense interest manifested by the buyer fatigue it happened.
In addition, Bendiksen put forward second reason whereas US Department of Justice (DOJ) world’s largest cryptocurrency exchange suing Binance there was a possibility.
On the other hand, last week SEC-Ripple (XRP) cryptocurrency ecosystem satisfaction to a decision signing interest of investors to altcoins directed. According to Bendiksen, this is of the causes of the recession became one.
Coinecko according to data 30 days in 0.5% depreciating bitcoin, end 24 hours in 0.3% by gaining value as of writing 29,899 traded at the dollar level.