Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing to the U.S. Securities and Exchange Commission (SEC). The process allows large institutional investors, called authorized participants (APs), to buy and redeem shares of the fund directly to bitcoin (BTC). It is considered to be more efficient as it allows APs closely monitor the demand for the ETF and to act fast by buying or selling shares of the fund without cash being involved in the process. Retail investors are not eligible to participate. When the SEC first approved spot bitcoin ETFs including IBIT last January, the agency allowed to launch the funds with cash redemption, instead of bitcoin. "It should have been approved in the first place but Gensler/Crenshaw didn`t want to allow it for a whole host of reasons they gave," Bloomberg Intelligence ETF analyst James Seyffart wrote on X . "Mainly [they] didn`t want brokers touching actual Bitcoin." BlackRock`s IBIT is the largest spot BTC ETF on the market, attracting nearly $40 billion of inflows in its first year, making it the most successful ETF debut ever.
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BlockDAG Nears $200 Million in Presale: Why It’s Worth Watching Before It Hits Major Exchanges in 2025
In the dynamic world of blockchain, BlockDAG (BDAG) represents a fresh and daring approach. It stands out with its innovative architecture and a clear mission to revolutionize decentralized systems. BlockDAG is swiftly becoming a hot topic in the cryptocurrency discussions. Let’s examine the key selling points and breakthrough technology that make BlockDAG a focal point for both developers and buyers. Introducing BlockDAG BlockDAG is at the forefront of blockchain evolution, tackling the inherent limitations of traditional blockchain architectures. Rather than sticking to the linear block processing of older blockchains, BlockDAG employs Directed Acyclic Graph (DAG) technology to process multiple blocks simultaneously. This method not only boosts transaction speed but also enhances scalability. The moniker “BlockDAG” captures this blend of blockchain resilience and DAG efficiency, forming a robust platform suited for high-volume applications such as decentralized finance (DeFi) and supply chain management. The Core Technology Powering BlockDAG The innovation at the core of BlockDAG is its capability to process several blocks in parallel, a significant shift from the traditional sequential blockchain operations. This linear method can lead to congestion as the network expands, slowing down transactions and inflating fees. BlockDAG revolutionizes this setup by allowing multiple blocks to exist and validate transactions together, which speeds up processing times and greatly expands network capacity. Whether it’s handling numerous small transactions or complex decentralized apps (dApps), BlockDAG offers a performance that traditional blockchains can hardly match. Furthermore, BlockDAG supports both Ethereum Virtual Machine (EVM) and WebAssembly (WASM), enabling developers to utilize familiar tools for development, testing, and deployment, thus lowering the barriers to innovation and diversifying the ecosystem. Why BlockDAG Stands Out Unparalleled Speed & Scalability Thanks to its ability to handle multiple blocks concurrently, BlockDAG ensures swift and efficient network functionality, even under strain. This scalability makes it a robust choice for large-scale applications, future-proofing it in a rapidly advancing industry. Enhanced Security The unique structure of BlockDAG also augments its security. The interconnected DAG framework increases resilience against certain attacks, where altering any transaction demands substantial computational resources, thus ensuring the integrity of the network. Seamless Interoperability BlockDAG’s support for EVM and WASM facilitates an easier transition for developers looking to migrate existing projects or kick-start new ones. This adaptability is crucial in attracting a diverse developer base to the platform. A Developer-Centric Ecosystem BlockDAG is not just focused on technology; it aims to cultivate a thriving community of innovators. Partnering with HackerEarth, a global developer network, BlockDAG is committed to encouraging innovation through upcoming hackathons designed to stimulate over 200 Web3 projects, demonstrating its capacity as a developer-friendly ecosystem. A Record-Breaking Presale BlockDAG’s presale is turning heads, raising a whopping $184.5 million so far. Currently in its 27th batch, BDAG coins are priced at $0.0248, offering an attractive opportunity for anyone looking to buy early. Early adopters are already reaping rewards. Those who joined in the first batch have seen their holdings grow by 2380%. And there’s more to come—analysts predict BDAG could hit $1 by 2025. For those jumping in now, that means a potential 3932% return. What makes BlockDAG stand out is its practical potential. The platform’s speed and scalability make it a perfect fit for industries like finance and logistics. Think of a supply chain where transactions are processed instantly, or a DeFi platform that effortlessly handles millions of users without delays. This practicality is why developers and businesses are gravitating toward BlockDAG. By solving key blockchain issues like slow speeds, high costs, and scalability limits, it’s emerging as a solution not just for today’s problems, but for the innovations of tomorrow. The Ideal Time to Buy With the presale price at $0.0248, now is an exceptional time to buy. The mainnet launch is set for early 2025, and as the launch approaches, the opportunity to purchase at this level will diminish. As BlockDAG continues to attract more developers and expand its ecosystem, the demand for BDAG coins is likely to surge, potentially increasing their market value. For those who see the value in cutting-edge technology, BlockDAG offers an ideal mix of innovation, community engagement, and growth potential. With the presale nearing $184.5 million and a roadmap full of promising developments, it’s clear that BlockDAG is setting up to be more than just a blockchain—it’s shaping up to be a cornerstone of future decentralized systems. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post BlockDAG Nears $200 Million in Presale: Why It’s Worth Watching Before It Hits Major Exchanges in 2025 appeared first on TheCoinrise.com . CoinDesk
Ethereum Faces Challenges as Market Dynamics Shift
Ethereum`s performance raises concerns as it lags behind other altcoins. CrediBULL Crypto predicts a strong price comeback for Ethereum in coming months. Continue Reading: Ethereum Faces Challenges as Market Dynamics Shift The post Ethereum Faces Challenges as Market Dynamics Shift appeared first on COINTURK NEWS . CoinDesk