$Marathon Digital Holdings Inc(MARA)$ $Riot Blockchain, Inc.(RIOT)$ $BlackRock(BLK)$ Blackrock Expected to Buy Bitcoin to Seed Its Spot Bitcoin ETF This Month. AND WHO HAS HIGH BITCOIN MINING HASH RATE?? MARAAAA! LET'S GO MARA!
Blackrock is moving forward with the process of bringing its spot bitcoin exchange-traded fund (ETF) to market. The world’s largest asset manager has secured a ticker symbol and a CUSIP number for its forthcoming spot bitcoin ETF, which is now listed on the Depository Trust and Clearing Corporation (DTCC), the entity responsible for clearing Nasdaq trades. Additionally, Blackrock’s spot bitcoin ETF filing signals the firm’s intention to buy bitcoin to seed its upcoming ETF this month.
Blackrock’s Spot Bitcoin ETF Now Listed on DTCC With Ticker IBTC
Several developments have sparked optimism among crypto investors regarding the launch of Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust. This speculation has fueled a significant surge in bitcoin’s price on Monday.
These developments include the allocation of a ticker symbol (IBTC) and the assignment of a CUSIP number (46438F101) to the Ishares Bitcoin Trust. Furthermore, the trust is now listed on the Depository Trust and Clearing Corporation (DTCC), which is responsible for clearing Nasdaq trades.
Eric Balchunas, a senior ETF analyst for Bloomberg, explained on social media platform X on Monday that the steps that the world’s largest asset manager has taken are part of the process of bringing an ETF to market.
Blackrock Expected to Buy Bitcoin to Seed Its Spot Bitcoin ETF This Month
Many people on social media have also pointed out that the amendment to the Registration Statement for Ishares Bitcoin Trust, filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 18, indicates that Blackrock may be buying bitcoin this month to seed its upcoming spot bitcoin ETF.
Comments
Think about it: MARA’s treasury has increased well over $100M since September 30 based solely on their last reported 13726 Bitcoin treasury when the Bitcoin price was $27K.
Since MARA profit is less than $0 today, BTC price has to more than double after the halving, to ever see a profit. IMHO.
35k Btc psychological block for MARA. Once Btc crosses and holds, MARA moves to $12+
Marathon's future is closely tied to the future of Bitcoin. Is Bitcoin the future of currency or the figment of human imagination?
Seems to be holding this below the weekly 8 EMA, the old MARA made some nice run ups above the 8 ema weekly.
Mara will go parabolic before long.