{"id":21659,"date":"2023-06-17T03:52:10","date_gmt":"2023-06-17T03:52:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/billionaire-novogratz-sees-blackrocks-bitcoin-etf-as-crypto-game-changer\/"},"modified":"2023-06-17T03:52:10","modified_gmt":"2023-06-17T03:52:10","slug":"billionaire-novogratz-sees-blackrocks-bitcoin-etf-as-crypto-game-changer","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/billionaire-novogratz-sees-blackrocks-bitcoin-etf-as-crypto-game-changer\/","title":{"rendered":"Billionaire Novogratz Sees BlackRock’s Bitcoin ETF as Crypto Game-changer"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Mike Novogratz, billionaire and CEO of Galaxy Digital, believes the approval of a Bitcoin exchange-traded fund (ETF) by BlackRock, the world\u2019s largest asset manager, could be a potential game-changer for the world\u2019s flagship cryptocurrency.<\/p>\n

In a recent appearance on The Claman Countdown on FOX, Novogratz revealed his anticipation for BlackRock\u2019s Bitcoin ETF<\/a> success. With more than $10 trillion in assets under management, BlackRock\u2019s endorsement could potentially encourage more blue-chip investors to invest in cryptocurrencies.<\/p>\n

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Yet, the US Securities and Exchange Commission (SEC) has so far not approved any Bitcoin ETF applications, a reality Novogratz acknowledges with a sense of hopeful optimism. \u201cI say a Hail Mary and two Our Fathers every night that they are successful. If [BlackRock chief executive] Larry Fink can pull it off, that\u2019s a stunningly big deal for the space because it makes it really easy for institutions to participate [as] they\u2019re the biggest asset manager in the world\u2026,\u201d he said.<\/p>\n

The Need for a Bitcoin ETF<\/h2>\n

Novogratz insists on the logical need for a Bitcoin ETF, especially given that a futures ETF already exists. This point was underscored when a judge questioned the SEC\u2019s rationale for denying Grayscale\u2019s ETF in a recent case.<\/p>\n

Novogratz reiterated his view to his 463,000 Twitter followers that a successful BlackRock Bitcoin ETF would be a boon for the leading crypto asset. He stated, \u201cBlackRock getting a BTC ETF through would be the best thing that could happen to BTC.\u201d<\/p>\n

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BlackRock is not the only company aiming to establish a Bitcoin ETF. The firm filed an application with the SEC for the iShares Bitcoin Trust on June 15. Other entities that have pursued the creation of Bitcoin ETFs include Grayscale<\/a>, VanEck<\/a>, and Cathie Wood\u2019s ARK Invest<\/a>, all of which got snubbed by the SEC.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Mike Novogratz, billionaire and CEO of Galaxy Digital, believes the approval of a Bitcoin exchange-traded fund (ETF) by BlackRock, the world\u2019s largest asset manager, could be a potential game-changer for the world\u2019s flagship cryptocurrency. In a recent appearance on The Claman Countdown on FOX, Novogratz revealed […]<\/p>\n","protected":false},"author":5,"featured_media":21660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21659"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21659"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21660"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}