Bitcoin Gets Boost From BlackRock ETF Filing

The video discusses BlackRock's attempt to launch a Bitcoin ETF, highlighting the challenges faced by previous companies in gaining SEC approval. It explores the unique aspects of BlackRock's proposal, such as surveillance sharing agreements with NASDAQ and the involvement of custodians like BNY Mellon and Coinbase. The potential market implications and the SEC's cautious stance are examined, with Bloomberg Intelligence estimating a 50% chance of approval by year-end. The video also touches on the broader crypto context, including the SEC's scrutiny of other assets like Ether.

What makes BlackRock's approach to a Bitcoin ETF different from others?

• They have a surveillance sharing agreement with NASDAQ.

• They have partnered with the SEC.

• They have a unique marketing strategy.

• They are the first to propose a Bitcoin ETF.

Which custodians are involved in BlackRock's ETF proposal?

• Citibank and HSBC

• JP Morgan and Goldman Sachs

• Bank of New York Mellon and Coinbase

• Bank of America and Wells Fargo

What recent action did the SEC take against Coinbase?

• Granted them a banking license

• Approved their Bitcoin ETF

• Sued them for listing certain assets

• Partnered with them for a new project

What is the estimated chance of BlackRock's ETF approval by the end of the year according to Bloomberg Intelligence?

• 50%

• 25%

• 75%

• 10%

What other cryptocurrency is mentioned as having regulatory questions similar to Bitcoin?

• Ripple

• Dogecoin

• Litecoin

• Ether