BlackRock’s ETF Has a Good Chance of Approval

[Inside Wall Street with Nomi Prins]( BlackRock’s ETF Has a Good Chance of Approval By Nomi Prins, Editor, Inside Wall Street with Nomi Prins BlackRock, the largest asset manager in the world, just applied to launch a new Bitcoin exchange-traded fund (ETF). As I wrote to you [yesterday]( this sent shockwaves through the crypto market. If approved, it would be the first spot Bitcoin ETF in the U.S. that directly invests in Bitcoin, not futures contracts. Over the years, the Securities and Exchange Commission (SEC) has shot down all 30 attempts to launch the same type of fund. But BlackRock’s proposal has better chances of approval. Today, I’ll look at what those are – and what they mean for your money… Recommended Link [Is this next bankruptcy to rattle markets?]( [image]( Something strange is happening in our financial system. According to analysts at UBS, more than 50,000 retail locations could shut their doors in the months ahead. Already, Walmart, Foot Locker, Bed Bath & Beyond, and Macy’s are cutting stores. And former Home Depot CEO Bob Nardelli recently issued a grim warning: “We’re going to see a lot of bankruptcies. [This is] different than anything I have seen in my 52 years…” What does it all mean for your family and your money? According to Dr. Prins, our money is about to change forever… and the overhaul is set to happen in just a few weeks. To help folks prepare, she’s recorded a briefing that explains all the details of what she calls a ‘reset’ to our financial system. In it, she lays out all the evidence of this currency crisis, and what you can do to prepare. [Click here now to see her full (and free) presentation.]( P.S. The last time we saw a similar transformations to our money, folks who failed to prepare were blindsided. But those who moved their money beforehand had the opportunity to multiply their nest-egg as a result. [Click here to see why.]( -- Will the SEC Finally Approve a Bitcoin ETF? After news of BlackRock’s newly proposed ETF – the iShares Bitcoin Trust – went public, Bitcoin’s price spiked. As of last Friday, Bitcoin gained nearly 25% in value, rising to $31,458. That’s the highest level since June 7, 2022. All told, this is an exciting development for crypto. The entire space came under scrutiny after several major firms collapsed in 2022. We covered the FTX collapse, for example, in [these pages](. These events left investors with huge losses. And the 2022 “crypto winter” – when Bitcoin lost nearly 65% of its market value – took away much of the confidence in the digital asset. If approved, BlackRock’s spot Bitcoin ETF would be a welcome boost for crypto. And it could attract substantial new capital and potentially spark a new bull run in BTC. But can we count on the ETF being approved? That’s a valid question. After all, the SEC has mercilessly shot down every previous attempt. Recommended Link [The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty]( [image]( A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! In fact, Business Insider says this type of investment could provide “enough money to live off of each year, without having any other retirement plan...” “Royalties” are the most exciting investments in history. Put simply, they’re periodic payouts… That could deliver all the money you need for your retirement… While these “royalties” are different from traditional royalties, just one could hand you enough income to live life on your own terms. And it only takes a few minutes to set up. [Learn how to collect your first payout before September 10th.]( -- But there are many reasons why this time might be different. First, as the world’s largest asset manager, BlackRock has connections and influence that other managers can only dream of. If there’s any company that knows how to navigate the system and get things done, it’s this one. Second, BlackRock has a stellar track record when it comes to getting ETF approvals. Out of the 575 ETFs it’s proposed, the SEC has only said "no" to one. That’s an impressive success rate. Finally, BlackRock may have already found a way to win the SEC’s favor. In its ETF proposal, the company included something called a surveillance-sharing agreement. According to BlackRock’s application, Nasdaq would oversee the pricing data for the spot market price. In other words, one of the world’s largest exchanges would keep an eye on the spot market price, making sure things are transparent and prices are accurate for the ETF. This could help address the SEC’s concerns about market manipulation tied to Bitcoin. Plus, the SEC itself has emphasized the importance of surveillance-sharing agreements in the past. So the agreement grants BlackRock’s application a much better shot at success. Recommended Link [WARNING: 110 Banks Preparing for Digital Dollar]( [image]( If you have any money in the U.S. banking system, pay close attention because… Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon. And it’s not just Bank of America. This former VP of a major U.S. investment bank just released [this list with more than 110 banks that are preparing to do the same.]( Is your bank on the list? [Click here to find out.]( -- What This Means for You We’ll have to wait and see if the SEC gives the go-ahead for BlackRock’s Bitcoin ETF. What we do know, though, is that BlackRock’s move has reignited interest in Bitcoin ETFs. And that alone is bullish. In fact, since BlackRock’s filing, at least two other investment firms have submitted new applications for Bitcoin ETFs. Now, let’s be clear: none of this should be your sole basis for investing in Bitcoin. Meaning, you shouldn’t put your hard-earned money at stake solely based on whether these applications receive SEC approval. That said, BlackRock’s filing is still a massive vote of confidence in Bitcoin from the world’s largest asset manager. It brings a level of legitimacy to Bitcoin that we haven’t seen since PayPal, Square, and Tesla announced their support for Bitcoin in late 2020 and early 2021. So, if you ever need another reason to add Bitcoin as a speculative asset in your portfolio, this is one. Yes, Bitcoin is a volatile asset that undergoes periods of violent swings. In 2023, it has performed well so far. And yet, as I write this, the price of Bitcoin is still down about 54% from its November 2021 all-time high of about $68,000. That means you can still buy it at lower prices before big players like BlackRock swoop in. That said, with Bitcoin, you never want to dive in headfirst. Instead, we recommend investing a fixed amount of money on a regular basis, typically monthly or bi-weekly. That way, you can buy more when the price is low and less when prices are high. This is called dollar-cost averaging. PayPal or Block’s (previously called Square) Cash App are some of the most convenient options for doing this. With these popular apps, you can start your Bitcoin portfolio with as little as $1. But, again, remember that Bitcoin is a speculative asset. A small investment can go a long way. So never invest more than you can afford to lose. Happy investing! Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. There’s one more reason why I’m bullish on Bitcoin… Whether you like it or not, the U.S. will eventually adopt a digital form of the dollar. As people become more familiar with digital currency, it will pave the way for wider adoption of Bitcoin. In fact, the Federal Reserve is about to unleash a new technology I’m calling the precursor to the digital dollar. It will change the very nature of our money… and the financial system as we know it. That’s why I hosted an emergency briefing called Countdown to Chaos last Wednesday. During it, I revealed what the Fed has in store for you… and how you can prepare yourself for what’s coming. [To watch the replay, click here](. But make sure you do it soon… before my publisher takes it down. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG In yesterday’s mailbag, a reader argued why she is bullish about real estate and the dollar. Now, a few readers have written in to share their own, different thoughts… There weren’t any disastrous Trump years. We aren’t in this mess due to Trump but because of the Biden debacle. Our country has never been this bad off. The housing market should rebound once the Fed stops raising interest rates and starts lowering them. It may be too late for businesses that need to borrow money to stay afloat. – Madeleine N. Totally disagree with Linda S. The real estate market may float along for the short term and do well as the Fed continues to kick the can down the road. Certainly the WH and all who back Biden want low rates running up to the election. Why any nation would have faith in our government to actually act fiscally responsible is beyond me. In addition, the disaster in the current WH makes President Trump look like Solomon. NATO "likes" the U.S. when we play everyone else’s way. As Biden’s weak foreign policy emboldens our enemies, they will continue to wreak havoc worldwide and our status as world leaders will go down the tubes, along with the dollar. Then again, that’s the plan, right? – Ted T. After reading today’s piece, do you think BlackRock’s ETF will be approved by the SEC? Why or why not? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). IN CASE YOU MISSED IT… [The only stock to keep (revealed below)]( Jeff Clark has been trading stocks for nearly 40 years. He knows the market. He predicted the crashes of 2008, 2020, and 2022. He’s helped his readers avoid huge losses… And still had 13 gains last year alone. He’s done it by avoiding 99.9% of all stocks… Only trading this one, [revealed in this video below.]( Now Jeff is helping his 23-year-old son overcome his huge losses in crypto and tech stocks… By using this same method. [Watch how he plans to win back all of his son’s losses with this one ticker revealed here.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2023 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. 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