Deadly Iran protests continue as Trump renews intervention threat

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By JON GAMBRELL AP The death toll in violence surrounding protests in Iran has risen to at least 35 people, activists said Tuesday, as the demonstrations showed no signs of stopping. The figure came from the U.S.-based Human Rights Activists News Agency, which said more than 1,200 people have been detained in the protests, which have been ongoing for more than a week. It said 29 protesters, four children and two members of Iran’s security forces have been killed. Demonstrations have reached over 250 locations in 27 of Iran’s 31 provinces, The group, which relies on an activist network inside of Iran for its reporting, has been accurate in past unrest. A wave of protests sparked by Iran’s failing economy has continued for a ninth day, as President Donald Trump renewed his threat of US intervention. Trump warned on Sunday night that Iranian authorities would be “hit very hard” if more protesters died. “We’re watching it very closely. If they start killing people like they ...
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VanEck Goes Back To The Drawing Board: Unveils Revised Spot Bitcoin ETF Filing

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In a recent development, asset manager VanEck joins the list of applicants who have made revisions to their Spot Bitcoin ETF prospectus. Many continue to speculate that these revisions could mean that approval of these funds by the US Securities and Exchange Commission (SEC) is imminent as it forms part of the process before an ETF launches. 

Notables From VanEck’s Revised Prospectus 

In a post on his X (formerly Twitter) platform, prominent finance lawyer Scott Johnsson mentioned how the asset manager’s revised prospectus shared a similar language to BlackRock’s as it relates to seeding. However, he said it isn’t too surprising since the same lawyers at the international law firm Clifford Chance represent both asset managers. 

Despite the similar language, there was a particular difference he highlighted between VanEck’s latest filing and BlackRock’s. While revealing plans to seed, VanEck suggested that it would be done with Bitcoin, unlike BlackRock, which had stated in theirs that their seeding would be done with cash. 

Despite the choice of words, Johnsson was cautious about reading too much meaning into it. While he acknowledged that it was definitely an affirmative addition, he noted that it could either suggest actual intent or just rather be “lazy lawyering.”

VanEck joins the likes of BlackRock, ArkInvest, and Fidelity, who had previously filed their revised version of their Spot Bitcoin ETF application.

Is A Spot Bitcoin ETF Really Important?

Bloomberg Analyst Eric Balchunas recently gave his opinion on why he believes that a Spot Bitcoin ETF is important, considering that many could just purchase Bitcoin directly. He opined that these ETFs are important because of the convenience that they provide investors. 

Others in the comments also weighed in on how ETFs also provide safety and trust as these asset managers usually have to abide by certain regulations (especially from the SEC), and investors can, therefore, be rest assured that their assets are safe and even insured, unlike centralized exchanges that could pack up at any time with there being any recourse for customers. 

Meanwhile, one can also argue that these ETFs are also important to the mainstream adoption of Bitcoin as an asset. In a recent research paper, Galaxy Digital captured why these funds could be “particularly impactful” for the market adoption of bitcoin. 

One of the reasons mentioned was that a Spot Bitcoin ETF provides greater accessibility, especially for retail and institutions. There is also no doubt that these asset managers have a wider reach, especially when it comes to those who are ready to place big bets on Bitcoin. 

As the research firm succinctly put it, having a familiar and trusted brand like BlackRock offer a Bitcoin ETF would help attract a “larger portion of the older, wealthier population that have not yet been onboarded.”

Bitcoin price chart from Tradingview.com



from Bitcoinist.com https://ift.tt/WqGt5vP

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