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The post $150B BlackRock Fund Adds Digital Share Class Using Blockchain Tech appeared first on Coinpedia Fintech News

BlackRock, the leading asset manager, has filed with the SEC to launch a blockchain-based digital share class, called DLT Shares, for its $150 billion Treasury Trust Fund. 

Bloomberg ETF analyst Henry Jim revealed that DLT Shares will be exclusively sold through BNY Mellon, which plans to use blockchain technology to track ownership. The offering targets institutional investors, with a minimum investment of $3 million.

Wow! BlackRock filed for Digital share class (DLT Shares) of their $150 billion money market fund (not an ETF)

BlackRock Liquidity Funds | DLT Shares
ticker/fees: tba

The DLT Shares are to be sold via BNY Mellon only, who intend to use Blockchain to mirror ownership, possibly… pic.twitter.com/RkVU8XmEkU

— ETF Hearsay by Henry Jim (@ETFhearsay) April 29, 2025

The Treasury Trust Fund aims to keep a significant portion of its assets in highly liquid investments, such as cash and short-term government securities, to maintain a stable $1 per share value. This system may be a test or early step toward using blockchain for digital currencies or cash transactions in the future.

The fund avoids illiquid securities and will not invest in hard-to-sell assets if that would make up more than 5% of its total value. This helps keep the fund easy to cash out for investors. As of April 29, 2025, BlackRock’s Treasury Trust Fund, part of the BlackRock Liquidity Funds, held around $150.1 billion in assets.

Larry Fink Says Tokenization Could Reshape Finance

BlackRock’s recent move matches CEO Larry Fink’s recent remarks on how tokenization could change investing. In a recent letter to investors, Fink explained that tokenization could speed up transactions, remove delays, and quickly reinvest money back into the economy to help it grow. 

Fink also said that the main challenge with tokenized assets is the lack of proper identity checks. Once that is fixed, he thinks that the tokenised funds could become as familiar as ETFs. Other big companies like JP Morgan, State Street, and Franklin Templeton are also exploring blockchain for tokenized funds.

The post $150B BlackRock Fund Adds Digital Share Class Using Blockchain Tech appeared first on Coinpedia Fintech News
BlackRock, the leading asset manager, has filed with the SEC to launch a blockchain-based digital share class, called DLT Shares, for its $150 billion Treasury Trust Fund.  Bloomberg ETF analyst Henry Jim revealed that DLT Shares will be exclusively sold through BNY Mellon, which plans to use blockchain technology to track ownership. The offering targets …

The post Trump Media To Launch Utility Token and $250M ETF Push appeared first on Coinpedia Fintech News

Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is planning to launch a new utility token as part of a broader expansion strategy. CEO Devin Nunes shared these updates in a letter marking the company’s first year as a public entity, detailing new features, investments, and upcoming crypto integrations. 

NEW: In a letter to shareholders, CEO of Trump Media @DevinNunes announced the platform is mulling launching a utility token for subscription payments and possible other future uses within the ‘Truth ecosphere.’ pic.twitter.com/Sq2a6TdBdi

— Eleanor Terrett (@EleanorTerrett) April 29, 2025

The utility token will be introduced within a dedicated Truth digital wallet and will first be used to pay for Truth Plus subscriptions. Over time, it could also be used for other services across the Trump Media ecosystem, forming part of a larger rewards program. 

A Strong Start, One Year In

Marking its first year as a public company, Nunes highlighted the company’s strong financial position, holding $777 million in cash with low operating costs. He believes this gives Trump Media a strong edge for growth, especially as it rolls out new premium features for Truth Plus, like longer videos, an edit button, and access to more conservative news channels and family-friendly content.

Truth+ is rolling out features like an edit button and longer videos for subscribers, while building an uncancellable streaming service with its own infrastructure to counter woke censorship. Their expansion into Truth Fi aims to support investors who prioritize American economic…

— Henry Morgan (@CaptnMorgan) April 29, 2025

Big Investments in Finance

Meanwhile, under its financial services brand Truth.Fi, Trump Media is launching a series of ETFs and separately managed accounts with an “America-first” focus, in partnership with Yorkville America Equities and Index Technologies Group. Up to $250 million has been allocated to this venture.

However, the crypto ambitions have sparked concerns about potential conflicts of interest. Despite transferring his 59% stake to a trust, Trump remains linked to several crypto ventures, including World Liberty Financial, where he’s named “Chief Crypto Advocate” and profits from the company, which is mostly owned by the Trump family. His memecoin launch, Official Trump (TRUMP), just before returning to office, also drew criticism.

Nunes also expressed concern about stock manipulation, citing a hedge fund’s 6 million short positions and notifying the SEC. He added that the company is actively pursuing mergers and acquisitions to find “crown jewel” assets that align with its long-term vision.

Stock Pressure and M&A Plans

Despite the announcements, Trump Media’s stock (DJT) fell 3% on the day and is down 26% for the year, as investor interest appears to be cooling off amid broader market uncertainty. Nunes claims hedge fund manipulation is partly to blame and has alerted the SEC. He also says Trump Media is on the hunt for strategic acquisitions to support long-term growth.

The post Trump Media To Launch Utility Token and $250M ETF Push appeared first on Coinpedia Fintech News
Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is planning to launch a new utility token as part of a broader expansion strategy. CEO Devin Nunes shared these updates in a letter marking the company’s first year as a public entity, detailing new features, investments, and upcoming crypto integrations.  …

The post SEC Puts XRP ETF Decision on Hold, Ripple Settlement Could Decide What’s Next appeared first on Coinpedia Fintech News

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Franklin Templeton’s proposed XRP Spot ETF, pushing the deadline to June 17th, 2025. While some investors are getting nervous, experts say this isn’t surprising — and there’s no need to panic.

The reason? XRP futures contracts aren’t even live yet on the CME (Chicago Mercantile Exchange). The SEC has followed a clear pattern with other crypto ETFs like Bitcoin and Ethereum in the past: they wait for futures markets to be active and collect enough trading data before considering approval for a spot ETF. This ensures they have a reliable market sample to monitor before giving the green light.

Not just XRP — the SEC is also delaying decisions on other crypto-related ETFs, including those tied to Ethereum staking and Dogecoin. According to James Seyffart, an ETF analyst at Bloomberg, further delays are expected this week for ETF applications involving Solana (SOL) and Hedera Hashgraph (HBAR).

Most final deadlines for these applications won’t arrive until late 2025, so there’s still plenty of time for the regulatory process to play out. Also, Paul Atkins recently stepped into office at the SEC, and it may take time before new leadership shapes policy decisions alongside other commissioners like Hester Peirce.

A Theory For Thought?

Adding to the XRP conversation, a social media user raised an interesting theory: if the SEC and Ripple Labs are considering settling their long-running legal battle with payment in XRP tokens instead of cash, the SEC might delay approving any XRP Spot ETFs until after the settlement. That’s because an ETF approval would likely boost XRP’s price, possibly affecting the value of any settlement made in XRP.

For now, the SEC vs Ripple case is on hold (in abeyance) as both sides work toward a settlement. The deadline for this process is set for June 10th, 2025 — just a week before the new XRP ETF decision date.

The post SEC Puts XRP ETF Decision on Hold, Ripple Settlement Could Decide What’s Next appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Franklin Templeton’s proposed XRP Spot ETF, pushing the deadline to June 17th, 2025. While some investors are getting nervous, experts say this isn’t surprising — and there’s no need to panic. The reason? XRP futures contracts aren’t even live yet on …

The post Ripple News: SEC’s Paul Atkins Could Still Object ProShares’ XRP ETF Filing appeared first on Coinpedia Fintech News

There has been a lot of buzz online this week about ProShares launching an XRP ETF on April 30. Some social media posts and reports claimed that the U.S. Securities and Exchange Commission (SEC) had approved it and that it would go live this week.

But that’s not true.

A spokesperson from ProShares cleared up the confusion. They said:
“ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.”

So where did the rumor come from?

The misunderstanding seems to have started because people confused the “effective date” listed in a regulatory filing with an official launch date. When a fund’s registration becomes “effective,” it means it has cleared one step with the SEC, but that doesn’t guarantee a launch on that date.

In fact, the SEC could still object to the launch. A fund’s registration statement becoming effective is only one part of the process. It’s required before a launch, but it doesn’t confirm the exact timing or guarantee approval.

While the news isn’t true—yet—talk of an XRP futures ETF is still important. It shows that XRP is gaining attention from major financial players. And just like with Bitcoin and Ethereum, a futures ETF could be a step toward a full spot ETF in the future.

The post Ripple News: SEC’s Paul Atkins Could Still Object ProShares’ XRP ETF Filing appeared first on Coinpedia Fintech News
There has been a lot of buzz online this week about ProShares launching an XRP ETF on April 30. Some social media posts and reports claimed that the U.S. Securities and Exchange Commission (SEC) had approved it and that it would go live this week. But that’s not true. A spokesperson from ProShares cleared up …

The post New Cboe Bitcoin Futures (XBTF) Offer More Flexibility for Crypto Traders appeared first on Coinpedia Fintech News

To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF), now available on its Cboe Futures Exchange. 

This follows CBOE’s earlier launch of Bitcoin options products (CBTX and MBTX), offering a range of tools for managing Bitcoin price swings. These products can be used individually for simpler trades or together for more advanced strategies. The XBTF futures, like the Bitcoin options, are cleared through OCC. 

Cboe Expands Crypto Offerings 

Cboe’s growing range of crypto products now includes spot bitcoin ETFs and bitcoin ETF index options, alongside their new bitcoin futures. The BTC index futures are cash-settled, which eliminates the need for physically delivering Bitcoin. These XBTF futures will settle on the last business day of each month in the afternoon.

“As customer demand for crypto-based derivatives continues to rise, Cboe is committed to building a well-rounded ecosystem to help facilitate more efficient, flexible access to bitcoin exposure and risk management,” said Catherine Clay, Global Head of Derivatives at Cboe. 

She added that Cboe’s new Bitcoin futures are an important addition to their crypto offerings, allowing investors to gain exposure to or hedge Bitcoin in a regulated, transparent environment with centralized clearing. 

Cboe is expanding its digital assets by listing U.S. spot bitcoin and ether ETFs. Its new cash-settled Bitcoin options have helped create ETFs that give investors Bitcoin exposure with limited risk.

Barak Capital, a leading market maker, noted the growing demand for stable and efficient markets as digital asset investments become more institutionalized. They are ready to provide liquidity to Cboe’s FTSE Bitcoin Index futures.

The post New Cboe Bitcoin Futures (XBTF) Offer More Flexibility for Crypto Traders appeared first on Coinpedia Fintech News
To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF), now available on its Cboe Futures Exchange.  This follows CBOE’s earlier launch of Bitcoin options products (CBTX and MBTX), offering a range of tools for managing Bitcoin price swings. These products …

Bitcoin price enters a mild 1% on Wednesday April 30, with institutional inflows on the rise, BTC now eyes the $2 trillion market cap milestone.

Bitcoin price breaches $95,000 amid $1B inflows into BlackRock’s Bitcoin ETF

Bitcoin (BTC) surged to a local high of $95,400 on Tuesday April 29, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic $1 billion in daily net inflows. This marks the largest single-day inflow since the ETF’s January launch and reflects unprecedented demand from institutional investors.

According to data from Coingecko, BTC’s current market capitalization stands just under $1.9 trillion, with many analysts forecasting a breakout past the $2 trillion mark in Q2 if momentum persists.

The inflow into IBIT signals growing investor confidence in Bitcoin’s long-term role as a macro hedge and alternative asset.

Notably, Geoff Kendrick of Standard Chartered reiterated also his $120,000 BTC forecast by Q2 2025, citing expanding institutional adoption and macroeconomic fragility as key drivers. In the long term, he sees the $140,000 mark as attainable if liquidity conditions improve.

BlackRock’s outsized role in institutional onboarding has helped BTC become a core portfolio component across global asset managers. As fund inflows build, market watchers expect more upward pressure on prices heading into the summer.

BTC institutional demand coincides with weak labor data

The crypto market’s bullish tilt aligns with deteriorating macro indicators that could open the door for a potential Fed rate cut. On April 29, the U.S. Labor Department reported that March job openings fell to 7.2 million—well below the expected 7.5 million. This marks one of the lowest readings since 2021.

Simultaneously, the Conference Board’s consumer confidence index dropped for the fifth straight month, hitting its lowest level since January 2021. Historically, such weak US labor data often triggers Fed to intervene with expansionary monetary policies, which tend to favor risk-on assets like Bitcoin.

This pattern could repeat the increased money supply could propel Bitcoin price towards $120,000 as Standard Chartered analyst Geoff Kendrick predicts.

Looking ahead: What’s next for Bitcoin price in Q2 2025

BlackRock’s $1 billion IBIT inflow on Monday may be the clearest signal yet that Bitcoin is maturing into a global institutional asset.

Coupled with weakening U.S. macro data, BTC price could be on the verge a breakout towards the $2 trillion market cap milestone.

With BTC price already trading above $94,000, it needs only a modest 5–6% push to reach the $2 trillion market cap milestone.

Should corporate invest continue pouring capital into Bitcoin ETFs in anticipation of dovish Fed, Bitcoin price is likely to cross the $2 trillion market cap in the coming weeks.

While regulatory risks, and trade policy shocks still remain active, the unusual corporate inflows suggest’s Bitcoin next all-time high breakout could already be underway.

Bitcoin Price Forecast Today: BTC Eyes $98,500 as Corporate Demand Surges

Bitcoin price is consolidating near $94,200 at press time after testing weekly highs at $95,500 following BlackRock’s $1 billion ETF inflow.

Technical indicators on the Bitcoin price forecast shows the upper Bollinger Band at $98,554, acting as short-term resistance.

With BTC price holding well above the midline ($88,979), it reinforces a bullish narrative.

Beyond that, the Relative Strength Index (RSI) at 65.59 suggests bullish momentum without veering into overbought territory, giving BTC room to push higher. A

decisive close above $95,000 could propel price toward $98,500 in the coming sessions, particularly if institutional inflows persist. Conversely, a break below the midline of the Bollinger Band could open a reversion toward $79,400, the lower band.

The post How BlackRock’s $1 Billion Bitcoin Investment Could Propel BTC Toward a $2 Trillion Market Cap appeared first on CoinGape.

Bitcoin price enters a mild 1% on Wednesday April 30, with institutional inflows on the rise, BTC now eyes the $2 trillion market cap milestone.

Bitcoin price breaches $95,000 amid $1B inflows into BlackRock’s

Bitcoin ETF Bitcoin (BTC) surged to a local high of $95,400 on Tuesday April 29, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic $1 billion in daily net inflows.

This marks the largest single-day inflow since the ETF’s January launch and reflects unprecedented demand from institutional investors.

According to data from Coingecko, BTC’s current market capitalization stands just under $1.9 trillion, with many analysts forecasting a breakout past the $2 trillion mark in Q2 if momentum persists.

The $970 million inflow into IBIT on Monday, signals growing investor confidence in Bitcoin’s long-term role as a macro hedge and alternative asset.

Notably, Geoff Kendrick of Standard Chartered reiterated also his $120,000 BTC forecast by Q2 2025, citing expanding institutional adoption and macroeconomic fragility as key drivers.

In the long term, he sees the $140,000 mark as attainable if liquidity conditions improve. BlackRock’s dominant role in institutional onboarding has helped BTC become a core portfolio component across global asset managers.

As ETF inflows builds, market watchers expect more upward pressure on prices heading into the Q2, with BTC institutional demand coinciding with weak labor data published on Tuesday.

The crypto market’s bullish tilt aligns with deteriorating macro indicators that could open the door for a potential Fed rate cut.

On April 29, the U.S. Labor Department reported that March job openings fell to 7.2 million—well below the expected 7.5 million. This marks one of the lowest readings since 2021.

Simultaneously, the Conference Board’s consumer confidence index dropped for the fifth straight month, hitting its lowest level since January 2021.

Historically, such weak US labor data often triggers Fed to intervene with expansionary monetary policies, which tend to favor risk-on assets like Bitcoin.

This pattern could repeat the increased money supply could propel Bitcoin price towards $120,000 as Standard Chartered analyst Geoff Kendrick predicts.

Looking ahead: What’s next for Bitcoin price in Q2 2025?

BlackRock’s $1 billion IBIT inflow on Monday may be the clearest signal yet that Bitcoin is maturing into a global institutional asset.  Coupled with weakening U.S. macro data, Bitcoin price could be on the verge a breakout towards the $2 trillion market cap milestone.

With BTC price already trading above $94,000, it needs only a modest 5–6% push to reach the $2 trillion market cap milestone.

Should corporate investors continue pouring into capital ETFs in anticipation of a dovish Fed, Bitcoin price is likey to surpass the $120,000 price target in the coming week

While regulatory risks, and trade policy shocks still remain active, the unusual corporate inflows suggest’s Bitcoin next all-time high breakout could already be underway.

Bitcoin Price Forecast Today: BTC Eyes $98,500 as Corporate Demand Surges

Bitcoin price is consolidating near $94,200 at press time after testing weekly highs at $95,500 following BlackRock’s $1 billion ETF inflow.

Technical indicators on the Bitcoin price forecast shows the upper Bollinger Band at $98,554, acting as short-term resistance. With BTC price holding well above the midline ($88,979), it reinforces a bullish narrative.

Beyond that, the Relative Strength Index (RSI) at 65.59 suggests bullish momentum without veering into overbought territory, giving BTC room to push higher.

A decisive close above $95,000 could propel price toward $98,500 in the coming sessions, particularly if institutional inflows persist. Conversely, a break below the midline of the Bollinger Band could open a reversion toward $79,400, the lower band.

The post How $1 billion BTC Investment from Blackrock Could Impact Bitcoin’s $2 Trillion Market Cap Target appeared first on CoinGape.

The Trump Media and Technology Group (TMTG) have written a letter to shareholders as the Donald Trump-affiliated parent firm of Truth Social is considering deepening its ties to crypto. In the letter to investors, the firm revealed its plans to pursue an utility token that can help power its broader ecosystem in today’s financial world. This shift by the Trump Media outfit has generated a massive conversation on X.

Truth Social Token: The Justification

In the shareholder letter, the firm reiterated that the reason for the emergence of Truth Social is to create an alternative platform without censorship. To complement this, the firm told shareholders it has Truth+ operational as a streaming platform for home-safe programs.

To create a system to monetize these various platforms, the firm said it is considering launching an utility token. This, it planned to do within a Truth Digital wallet that can be used to pay for Truth+ subscriptions. Over time, the organization said it will create more utility for the token within the Truth Social ecosystem.

The entire Trump family is now closely linked to the crypto ecosystem. From moves that started with Non-Fungible Token (NFT) launches, the President now have deep ties to the broader decentralized Finance (DeFi) world. While the Truth Social move comes with criticism, it has also garnered support from crypto proponents.

Deepening the World Liberty Financial (WLFI) Mission

The big crypto project backed by the Trump family is World Liberty Financial (WLFI). Beyond the WLFI partnership with Justin Sun and other major proponents in crypto, it is also known for the stablecoin USD1.

Notably, the stablecoin is gaining traction with its market capitalization surpassing the $136 million circulating supply benchmark, per data from CoinMarketCap. Notably, USD1 secured DWF Labs funding worth $25 million as the firm expanded to the US earlier this month.

Beyond the stablecoin engagement, the broader Truth Social and Trump family remain deeply-inclined to emerging technologies.

Implication for DeFi and Crypto Regulation

With 100 days in office, President Donald Trump has kept to his campaign promises to the crypto industry. In the past months, the top US market regulators have dropped lawsuits held against crypto industry proponents. 

In a major pivot, the Federal Reserve revised its crypto guidelines recently to allow banks engage with the industry. The Federal Deposit Insurance Commission (FDIC) and the OCC have also made this important pivot.

Notably, the Trump family may have critics for engaging with digital currencies. However, the promised regulations have sparked a wait-and-see approach from a few optimistic stakeholders.

The post Donald Trump’s Truth Social To Explore Native Token and Digital Wallet appeared first on CoinGape.

ProShares has announced May 14 as the new target date for launching its futures-based XRP exchange-traded fund (ETF), as per a recent post-effective amendment. This comes after speculation and misleading reports previously suggested an April 30 launch, which was later denied.

ProShares Sets Date for XRP ETF Launch

According to updated filings with the U.S. Securities and Exchange Commission (SEC), ProShares is now aiming to launch its futures-based XRP ETFs on May 14. The document is a procedural update and does not confirm final SEC approval.

The earlier filing led to confusion across financial media and social networks. Some sources incorrectly reported that the SEC had allowed the ETF to begin trading on April 30.

This led to a short-lived price jump for XRP. However, it was later clarified that no such approval had been granted.

SEC Review Still Ongoing for Spot ETFs

In addition to the futures-based ETF, ProShares has submitted a filing for an actual XRP ETF. Franklin Templeton, Bitwise and Grayscale are among other companies that have applied for such funds as well.

Out of all the applications submitted, Franklin Templeton’s application can be regarded as one of the most popular. On April 29, the SEC extended its decision on Franklin Templeton’s proposal until June 17. The firm registered the XRP ETF in March after registering a similar request for the Solana ETF.

Eleanor Terrett, a journalist following ETF developments, wrote on social media that,

“For the $XRP spot ETF, James [Seyffart] is eyeing mid-October, around the 18th, as a final decision deadline.”

Broader Interest from Major Asset Managers

Other large asset managers like BlackRock and Fidelity have not sought XRP ETFs yet. However, they are rumored to come to the party later in the year 2025 if the market demands for the competition.

While ProShares and Franklin Templeton have received most of the attention, the US SEC has also granted extension on other ETF filings. They include Bitwise’s proposed launch of Dogecoin ETF and Fidelity’s attempt to introduce staking into its Ethereum spot ETF.

The SEC is required to issue a final decision on ETF proposals within 240 days from the time they are officially published in the Federal Register. Consequently, Bloomberg has reported that several cryptocurrency-related ETF decisions may be finalized in the fourth quarter of the year.

Regulatory Environment and SEC Leadership

The recent changes in SEC leadership may affect how quickly the agency acts on crypto ETF applications. Earlier this month, Paul Atkins officially became the US SEC Chair. Atkins is known for his pro-crypto stance and was confirmed with support in the Senate.

Under previous leadership, including former Acting Chair Mark Uyeda, the SEC took a cautious approach to crypto ETFs. The agency extended review deadlines for multiple applications.

Despite delays, the current regulatory framework suggests that several key decisions on XRP and other crypto ETFs will likely come by October. Until then, futures-based products like those proposed by ProShares may enter the market earlier.

The post Proshares XRP ETF Potential Launch Date Revealed, Here’s When appeared first on CoinGape.