{"id":12384,"date":"2023-06-17T08:51:09","date_gmt":"2023-06-17T08:51:09","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=12384"},"modified":"2023-06-17T08:51:11","modified_gmt":"2023-06-17T08:51:11","slug":"blackrock-spot-bitcoin-etf-not-happening-application-politically-motivated-says-noelle-acheson","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12384","title":{"rendered":"BlackRock spot Bitcoin ETF \u2018not happening,\u2019 application politically motivated, says Noelle Acheson"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Noelle Acheson of the Crypto is Macro Now newsletter poured cold water on the possibility of the U.S. Securities Exchange Commission approving BlackRock&#8217;s Bitcoin ETF application, saying, &#8220;It&#8217;s not going to happen.&#8221;<\/p>\n<p>The Bitcoin community largely took the news of the ETF application positively.<\/p>\n<p>For example, Peter McCormack pondered whether its approval would spark a bull market. Similarly, YellowBlock co-founder Teddy Clep said, &#8220;If approved, expect a pump that will break your screen.&#8221;<\/p>\n<p>However, others expressed caution, such as Twitter account Consumers&#8217; Research &#8211; raising an exception to the company&#8217;s pro-ESG stance. While Will Clemente pointed out that BlackRock CEO Larry Fink had previously called Bitcoin an &#8220;index of money laundering.&#8221;<\/p>\n<p>ESG refers to criteria for assessing environmental, social, and governance standards. Some have claimed it is a tool of social control and a scam in that a high ESG score does not necessarily equate to responsible corporate behavior.<\/p>\n<h2>SEC&#8217;s track record<\/h2>\n<p>With the SEC&#8217;s track record on the spot BTC ETF approvals, in conjunction with the ongoing U.S. regulatory war against crypto, Acheson is not alone in thinking a spot Bitcoin ETF would not win approval &#8211; with Bloomberg analyst Eric Balchunas putting hypothetical 575-1 odds on it happening.<\/p>\n<p>Acheson explained to CryptoSlate that BlackRock is aware its application will not get approved but filed anyway to send a political message.<\/p>\n<p>When quizzed on what she meant, the Crypto is Macro Now writer said Fink is a Democrat supporter and likely a significant donor. He seeks to send a &#8220;subliminal message&#8221; to the White House to have them re-examine their aggressive regulatory approach to crypto.<\/p>\n<p>The post BlackRock spot Bitcoin ETF &#8216;not happening,&#8217; application politically motivated, says Noelle Acheson appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/blackrock-spot-bitcoin-etf-not-happening-application-politically-motivated-says-noelle-acheson\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Noelle Acheson of the Crypto is Macro Now newsletter poured cold water on the possibility of the U.S. Securities Exchange Commission approving BlackRock&#8217;s Bitcoin ETF application, saying, &#8220;It&#8217;s not going to happen.&#8221; The Bitcoin community largely took the news of the ETF application positively. For example, Peter McCormack pondered whether its approval would spark a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-12384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12384"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12384\/revisions"}],"predecessor-version":[{"id":12386,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12384\/revisions\/12386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12385"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}