BlackRock Approaches Bitcoin ETF
In X’s publication as of Monday, December 19, James Sewart, an analyst at the European Training Foundation in Bloomberg Intelligence, reported that BlackRock is getting closer to a Bitcoin ETF. Eric Balchunas, a senior analyst of exchange-traded funds at Bloomberg Intelligence, commented on Sewart’s publication, noting that BlackRock is now shifting towards cash-only approach, which he considers a “good sign”.
The amended document includes new details about the proposed fund’s creation and redemption mechanisms, referred to as the IBIT index.
BlackRock is not the only company that has updated its files for immediate Bitcoin ETF funds; others have done the same in order to create new shares for exchange-traded funds, instead of direct Bitcoin deposits.
Shibarium, the second layer solution of Shiba Inu, with over 130 million engraving, has the lowest gas fees in the industry. As the SHIB developer, Katal Zahavi, mentioned, Shibarium achieved this faster than any other chain. With 130 million engraving, Shibarium outperforms almost all of its competitors, except for Polygon with 161 million engraving. Other networks like Fantom, Celo, Gnosis, Arbitrum One, and zkSync Era report lower numbers. Following that is BNB, with approximately 77 million engraving, and Avalanche C-Chain with 60 million. Shibarium’s team is credited for their hard work in this achievement.
Vitalik Buterin from Ethereum makes a substantial transfer to Coinbase Wallet
According to a recent report by Lookonchain, Ethereum co-founder Vitalik Buterin made a transfer of 500 ETH worth about $1.1 million to the Coinbase Custody Wallet. Due to the increased curiosity surrounding his recent move, Buterin resorted to Warpcast, a well-known online platform, to explain his stance.
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Subsequently, the transferred Ether is sold by the recipients of these donations to cover operational expenses. Instead, he clarified that these transfers are mostly donations to charities, non-profit organizations, or other projects. He wrote that his transfer of ETH to exchange platforms should not be misunderstood as a personal sale. This move by Buterin has sparked speculation among cryptocurrency community members, leaving everyone guessing his intentions.
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