BlackRock & Fidelity's Bitcoin ETFs Made History!

Both ETFs have attracted over $3 billion in assets each in their first month of trading, setting a new record in the United States ETF market.

Author

Danielle du Toit
February 09, 2024

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Imagine this: A stunning masterpiece by the renowned Claude Monet, bought for $6.8 million, finds a new owner for $8 million in a mere 631 days. This triumph celebrates not only the passion of art aficionados but also marks a big win for investors, all made possible through Masterworks, a platform dedicated to investments in high-value art.

Masterworks simplifies the complex process of art investment. They handle everything – from selecting and acquiring the art, ensuring it is securely stored, to overseeing its eventual sale.

Upon the sale of an artwork, investors even have the opportunity to partake in the net profits, potentially reaping impressive investment returns.

The platform's efficacy has attracted over 850,000 users, with shares in these art investments often selling out in minutes. Don't miss your chance!

Here's what we've got for you today:

  • BlackRock and Fidelity ETFs Smash Records with Historic BTC Holdings

  • AI-Generated Voice Calls Now Illegal in U.S. After Biden Deepfake

  • Coinbase Faces Legal Heat Over Songbird Crypto Controversy

  • Craig Wright Admits Forging Key Documents to Claim Satoshi Nakamoto Identity

These ETFs have attracted more than $3 billion in assets each within their first month of trading.

  • Both ETFs have exceeded $3 billion in assets within their debut month, setting a record unmatched by any of the over 5,500 ETFs launched in the U.S. in the last 30 years.

  • The previous record for the highest AUM in a debut month was held by BlackRock’s iShares Climate Conscious & Transition MSCI USA ETF, which gathered $2.2 billion after launching in June of 2023.

  • Many believe the success of IBIT and FBTC can be attributed to the very competitive dynamics in the ETF industry.

There have been a few developments in the AI space, with the FCC cracking down on AI-generated voice scams and Microsoft expanding its AI presence to India.

  • The FCC has made AI-generated voice robocalls illegal in the U.S., complimenting the Telephone Consumer Protection Act (TCPA) that aims to protect consumers from unsolicited calls and robocall scams.

  • The decision follows incidents where this technology was used for malicious purposes, like an incident where fake AI-generated voice messages imitating President Joe Biden discouraged voting.

  • The new rule, effective immediately, strengthens the TCPA by requiring telemarketers to get written consent from people before making robocalls.

Coinbase faced legal scrutiny and sparked discussions about crypto asset rights after being accused of improperly converting Songbird tokens.

  • Fred Rispoli of HODL Law criticized Coinbase for converting customers' Songbird (SGB) tokens to its own control, comparing it to unauthorized property conversion.

  • Rispoli expressed his concerns on X, accusing Coinbase of taking unauthorized control of customers’ SGB tokens.

  • Lawyer Bill Morgan supported Rispoli’s views, pointing out the dubious nature of Coinbase’s handling of SGB tokens, and argued that Coinbase's non-participation in the SGB airdrop snapshot does not justify retaining or selling tokens not intended for the exchange.

Wright admitted that numerous documents he submitted to support his claim of being Satoshi Nakamoto were, in fact, forged.

  • COPA presented evidence of anachronisms, like fonts that weren't available at the time the documents were allegedly created, pushing Wright into acknowledging their falseness.

  • However, Wright attributed the creation of the forged documents to external factors, including errors by previous lawyers, sabotage by former employees, hackers, and even claimed the IT environment could change documents autonomously.

  • Despite Wright's claims, the court still recognized his own expertise in computer engineering, implying he himself possesses the skills necessary to modify document metadata.

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