BlackRock Files For Spot Bitcoin ETF But This New Hybrid Exchange Is What Has Traders Really Excited

While there is excitement about BlackRock’s application, there is even greater elation in the crypto community about Tradecurve, a new hybrid exchange that holds the potential to transform the crypto trading space. 

• BlackRock has filed a new Bitcoin spot ETF – iShares Bitcoin Trust – with the SEC.
• Experts believe the asset manager could get approval and launch the first spot ETF in the U.S.
• Meanwhile, Tradecurve has been building excitement with its platform that would seamlessly bridge the global derivatives market with crypto.

BlackRock Files for a Spot Bitcoin ETF

The adoption of cryptocurrencies has been steadily increasing around the world, with more companies investing in crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs). Despite this growth, the crypto space has been anticipating the launch of a spot crypto ETF in the United States almost four years after the first futures ETF was approved.

BlackRock, the world’s biggest asset manager has now applied for a Spot Bitcoin ETF, and many experts believe this time, an approval would be granted. The asset manager with over $9.5 trillion in AUM submitted the proposal for its iShares Bitcoin Trust which would own Bitcoin custodied by the crypto exchange, Coinbase.

The SEC has repeatedly rejected spot Bitcoin ETF applications stating that they are not safe enough. However, market experts believe BlackRock will secure the approval because it was filed as a Trust but has the same functionality as a spot ETF.

Why Are Crypto Investors Expectant of a Spot Bitcoin ETF?

There is so much hope the first Bitcoin spot ETF would get approved because futures ETFs restrict the level of exposure institutional investors have to cryptocurrencies. A spot ETF would remove those barriers, making Bitcoin available to the biggest institutional investors in the world.

Why Tradecurve Has the Crypto Space Hyped About its New Hybrid Exchange

While BlackRock’s spot ETF would bring more institutional investors to Bitcoin, experts are hyped about Tradecurve because the hybrid exchange will bring global financial instruments, including forex, options, ETFs, and commodities to the entire crypto space. 

The derivative market that Tradecurve hopes to bring to the crypto space via its hybrid exchange was valued at over $632 trillion in 2022 by the Bank for International Settlement.

Market experts are hyped that the Tradecurve platform has the potential to bring unrivaled liquidity into the DeFi and crypto space. In addition, unlike other exchanges that require mandatory Know Your Customer (KYC) procedures, Tradecurve users can trade anonymously while enjoying access to a diverse range of assets, including cryptocurrencies, forex, bonds, options, and commodities.

The recent suffocating regulatory pressure on centralized exchanges has made the prospects of Tradecurve even greater. Thousands of investors have already joined the platform, buying millions of TCRV tokens in the fourth presale stage of Tradecurve. 

TCRV is currently valued at $0.018, but experts believe it won’t be for long, predicting a surge to $1 before the end of the year.

Visit the links below to get more information about Tradecurve and the TCRV token:

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Updated: 22 Jun 2023, 06:07 PM IST