Goldman Sachs, Citigroup, UBS and Citadel join as authorized participants (AP) in BlackRock's Bitcoin spot ETF. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
BlackRock updates the APs of its spot ETF
📍An updated presentation from BlackRock's iShares Bitcoin Trust (IBIT) describes the new companies that have joined as APs of the Bitcoin exchange-traded fund. The updated prospectus names Goldman Sachs, Citigroup, UBS and Citadel as authorized participants (APs) of BlackRock's Nasdaq-listed Bitcoin Spot ETF, which has nearly $18.000 billion in bitcoin under management.
In relation to this, Bloomberg ETF expert Eric Balchunas commented that the great recognition that Bitcoin has gained as a legitimate investment asset is driving large companies to participate in the market. Balchunas also highlighted that these big names in the financial system now agree to be publicly associated with the largest cryptocurrency in the world.
To date, BlackRock's IBIT already has a total of 9 APs, which will help increase the liquidity of the exchange-traded fund's shares.
SEC opens comment period on Ethereum ETF
📍The US securities regulator is seeking public comments on Ethereum ETFs proposed by Grayscale, Fidelity and Bitwise. Last week, the SEC published a notice seeking public comment on three of the Ethereum exchange-traded funds that have been filed by asset managers in the country, to date.
As reported by the SEC, interested parties have up to 21 days from the publication of the notice to submit their comments.
The opening of this comment period coincides with the increased regulatory scrutiny that the SEC is applying to the crypto ecosystem. Regarding the Ethereum ecosystem, at the end of March it was reported that the SEC could be conducting an investigation to determine whether the second largest cryptocurrency on the market complies with securities laws. On the other hand, ETF experts have pointed out that the SEC's request for comment does not affect the low chances of approval of these cryptocurrency financial instruments.
Bloomberg ETF analyst James Seyffart said he remains pessimistic that the SEC will approve Ethereum ETFs in May of this year.
China develops a blockchain based on Conflux Network
📍China uses the Conflux chain to create a new infrastructure that allows it to promote its Belt and Road international cooperation strategy. As part of this international initiative, the Chinese government announced the creation of a new digital infrastructure, which is powered by blockchain technology and will be the center of the Belt and Road Initiative. This blockchain infrastructure will allow initiative members and stakeholders to interact with each other to promote different projects, support open borderless applications, and generally foster global cooperation.
The Belt and Road Initiative, promoted by China, is an ambitious infrastructure project that was launched in 2013 and seeks to connect the continents of Asia, Europe and Africa by land and sea, in order to boost the trade, improve connectivity and accelerate economic growth.
With the use of Conflux technology, China will develop a new public network called Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative, in which different cross-border applications will be built, in addition various cross-border cooperation projects will be implemented throughout of the Belt and Road Initiative, as reported by the blockchain developers through X.
Despite the restrictions imposed by China on commercial activity with cryptocurrencies, the country recognizes the enormous potential that the underlying technology of digital assets, blockchain, has to strengthen its global leadership.
AI is integrated into the Opera web browser
📍Privacy-focused web browser Opera has integrated artificial intelligence to optimize its functions. According to its creators, Opera has integrated large language models (LLM) to improve its privacy and security features, guaranteeing users a more optimal experience.
By integrating these local AI models, Opera users can enjoy complete privacy while browsing the Internet seamlessly. On X (formerly Twitter), Opera made comments related to the arrival of LLM models to web browsers.
Continue reading: Immunefi: The decentralized financial system (DeFi) is now more secure
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