In a significant development for the cryptocurrency market, BlackRock, the world’s largest asset manager, has filed for a Bitcoin exchange-traded fund (ETF). This move underscores the growing acceptance and recognition of cryptocurrencies as legitimate investments.
Meanwhile, Tradecurve, a rising presale star in the crypto space, has experienced a remarkable surge of 80% on its monthly chart. Keep reading as we explore the implications of BlackRock’s Bitcoin ETF filing and delve into the reasons behind Tradecurve’s impressive price surge.
Summary
- According to reports, BlackRock has filed for a Bitcoin ETF with Coinbase Custody as custodian
- The support of BlackRock might lead to a surge in institutional adoption of cryptocurrencies
- The Tradecurve presale has seen a 80% price surge, indicating great interest and buyer appeal
BlackRock files for a Bitcoin (BTC) ETF
Recently, it was revealed that BlackRock has filed to offer a Bitcoin ETF. According to a filing with the SEC, Coinbase Custody will serve as the custodian for BlackRock’s iShares Bitcoin Trust. Applications for spot Bitcoin ETFs have yet to receive approval from the American regulator.
BlackRock’s involvement in the Bitcoin ETF space brings substantial credibility to the market. With $10 trillion in assets under management, BlackRock’s endorsement can pave the way for increased institutional adoption and potentially open the floodgates for more institutional investment in cryptocurrencies.
This filing demonstrates the evolving sentiment towards digital assets and further solidifies Bitcoin’s position as a viable investment option. Bitcoin has a value of $25,561.62 with a market cap of $496B, rising by 2.41% in the past day alone.
Tradecurve (TCRV) shows an impressive price surge
Amidst the excitement surrounding BlackRock’s Bitcoin ETF filing, Tradecurve, a leading player in the crypto industry, has experienced a remarkable surge of 80% on its monthly chart.
Tradecurve distinguishes itself by offering a hybrid exchange model, merging the advantages of centralized and decentralized exchanges meaning access to all derivatives on one account, self-custodial portfolio management, slippage-free trading, and low latency.
One of the critical factors driving Tradecurve’s surge is that it solves issues plaguing the online trading sector. The platform will ensure low trading fees by eliminating third-party mediators and bringing all assets and key control to the trader.
And with many traditional trading platforms having egregious high commissions that eat away at a trader’s profit margin, this is a very welcome development.
Additionally, Tradecurve emphasizes user privacy by eliminating sign-up KYC checks. With data breaches and identity thefts happening frequently in the crypto market, this development will ensure that all traders’ personal information remains hidden.
Instead of these requirements, Tradecurve will be one of the few platforms allowing users to deposit cryptocurrency as collateral by linking their crypto wallet to their trading account. This commitment to privacy resonates with individuals who value data security and anonymity, contributing to the platform’s appeal.
After the FTX collapse, many individuals started to second-guess exchanges and wanted to know more about how their assets were handled. And for this, a Proof of Reserves (PoR) is a necessity.
With many traditional trading platforms like Coinbase and Gemini still lacking it, Tradecurve could be the next best thing, as the team has already announced it will implement its own PoR shortly. This will increase transparency and trust among traders and the platform.
Tradecurve’s recent surge can also be attributed to its growing community and increasing adoption, as it has already onboarded 10,000 users.
As more traders discover the platform’s benefits, demand for its services and its native token, TCRV, increases. Currently, the TCRV token is in Stage 4 of its presale and has a value of only $0.018, rising by 80% from its starting price of $0.01.
And with many of its rival’s ICOs also starting humbly, say the KuCoin ICO, which started at $0.250 but achieved an all-time high of $28.80 – Tradecurve’s growth potential is immense.
With investors flocking to this presale to obtain governance, passive income via staking, and access to VIP status on the Tradecurve platform, many market analysts forecast a 50x growth for the token by the time its presale finishes. This positive momentum bodes well for the future growth and development of Tradecurve.
For more information about the Tradecurve presale:
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