Abu Dhabi’s Crypto Bet Deepens with $408M Bitcoin ETF Position in BlackRock’s...

Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, has reaffirmed his standout price forecast for Bitcoin. Kendrick, who envisions BTC hitting $500,000 by 2028, bases his conviction on evidence of increasing institutional involvement — specifically pointing to sovereign wealth funds, state pension funds, and other large-scale investors. Sovereign Wealth Funds Enter The Bitcoin Fray According to a new report from Standard Chartered cited by The Block, Kendrick sees growing signs that government-backed investment vehicles are ramping up their interest in Bitcoin.....

At Bitwise’s Bitcoin Standard Corporations Investors Day, MicroStrategy executive chairman Michael Saylor set an audacious marker for the entire exchange-traded fund landscape, declaring that BlackRock’s iShares Bitcoin Trust (ticker: IBIT) will become “the biggest ETF in the world in ten years.” The remark instantly rippled through the ETF community, where practitioners are well-aware that the […]

Following BlackRock’s official filing of Spot Ethereum with Nasdaq, reports have confirmed that BlackRock’s Ether ETF plan has been confirmed by Nasdaq and is on its way to the US SEC to gain final approval.  BlackRock Ethereum Spot ETF Confirmed American multinational investment company, BlackRock has been making waves in the crypto space after news spread of NASDAQ listing the investment firm’s Ethereum Spot ETF, iShares Ether Trust in Delaware. “BlackRock’s Ethereum ETF confirmed. They just submitted a 19b-4 filing with Nasdaq,” Bloomberg Research Analyst, Jeff Seyffart stated.  Related....

The deployment of blockchain technology is very much on the agenda of the Abu Dhabi Securities Exchange, revealed chief executive Rasheed Al Blooshi. The Abu Dhabi Securities Exchange (ADX) will look to deploy blockchain technology, the innovation powering digital currencies like bitcoin, on a regional scale in compliance to a remit in line with Abu Dhabi’s Economic Vision 2030 [PDF]. “[A]dopting blockchain technology in our projects comes in alignment with the digital transformation of Abu Dhabi’s government services as we constantly strive to introduce new ways that ease the process of....

The world’s largest asset manager is looking to fill the role of vice president, blockchain lead. BlackRock Financial Management Inc., the $7.8 trillion asset manager, appears poised to expand its presence in blockchain and digital assets. According to a new job posting, the company is recruiting for the position of vice president, blockchain lead for its New York office. The person hired for this role will be tasked with creating and implementing “strategies designed to drive demand for the firm’s offerings,” as well as “enhance the value proposition [...] of the firm’s investments and....