• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Blackrock

BlackRock Issues Warning: USDT & USDC Stablecoins Put Bitcoin At Risk

Ronaldo Marquez
by Ronaldo Marquez
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BlackRock, the leading asset manager in traditional finance, has highlighted potential risks associated with stablecoins for investors considering its proposed iShares Bitcoin spot exchange-traded fund (ETF). 

Despite BlackRock’s significant involvement in the crypto industry, such as pursuing a Bitcoin spot ETF and registering an Ethereum trust, it now emphasizes concerns regarding the impact of stablecoin price fluctuations on the ETF’s performance. 

BlackRock Raises Alarm

According to recent reports, the asset manager points out the potential instability of stablecoins like Tether USD (USDT) and Circle USD (USDC), designed to maintain a value equivalent to a specific asset or currency, typically the US dollar.

BlackRock highlights that past events have shown that these digital assets can experience significant price movements, which in turn can affect the value of Bitcoin. The concerns stem from incidents involving Tether’s operators on February 17, 2021, and October 15, 2021, where legal actions were taken due to false claims about their reserves not being fully backed by US dollars. As a result, Tether faced penalties and restrictions. 

Related Reading: Bankrupt Crypto Firms FTX And BlockFi Given Green Light To Negotiate Settlement

Additionally, on March 10, 2023, USDC experienced a deviation from its $1.00 peg when it was revealed that a portion of its reserves had been held at Silicon Valley Bank after it went into the Federal Deposit Insurance Corporation (FDIC) receivership. This incident raised concerns about the stability and reliability of stablecoins. Blackrock states:

While the Trust does not invest in stablecoins, it may nonetheless be exposed to the risks that stablecoins pose for the bitcoin market and other digital asset markets. 

BlackRock concludes that indirect exposure to stablecoins could pose significant risks to investors in its Bitcoin ETF, considering the potential volatility, operational difficulties, possible manipulative practices, and regulatory challenges associated with stablecoins. 

The disclosure by BlackRock emphasizes the complex and evolving nature of risks in the cryptocurrency market, highlighting the importance of investor awareness regarding the underlying assets of financial products tied to digital currencies.

Cathie Wood Questions Gensler’s Stance On Bitcoin ETF 

During a recent interview with CNBC, Cathie Wood, the CEO of ARK Invest weighed in on the current state of approvals for Bitcoin ETFs by the US Securities and Exchange Commission (SEC). 

Wood expressed confusion over SEC Chairman Gary Gensler’s stance on bitcoin ETFs, given his extensive knowledge of the digital currency, noting that he taught about BTC at the Massachusetts Institute of Technology (MIT).

Wood highlighted the decentralized and transparent nature of the Bitcoin network, emphasizing that all activity can be closely tracked. She argued that these characteristics make it highly unlikely for the market to be manipulated. 

Given the inherent transparency and accessibility of the Bitcoin ecosystem, Wood questioned the logical reasoning behind Gensler’s hesitation to approve a spot Bitcoin ETF.

Related Reading: Ethereum Insider Promises Big Reveal In 48 Hours, Ramps Up Fraud Claims

To understand Gensler’s perspective, Wood speculated that Gensler’s interest in the Treasury Secretary position, which focuses on the stability of the US dollar, might be influencing his stance on Bitcoin ETFs. 

Wood suggested that Gensler’s potential concerns about the impact of Bitcoin on the dollar could be a factor in his reluctance to approve the ETFs.

The SEC has received multiple applications for Bitcoin ETFs, but none have been approved thus far. Market participants and investors have been eagerly awaiting the SEC’s decision, as introducing a Bitcoin ETF would provide more accessible and regulated exposure to the cryptocurrency market.

Blackrock
BTC is currently losing the $36,000 mark on the daily chart. Source: BTCUSDT on TradingView.com

Featured image from Shutterstock, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ronaldo Marquez

Ronaldo Marquez

Follow

Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

Full Profile

Related Posts

Bitcoin

Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next

5 hours ago
Bitcoin

Bitcoin Accumulation Trend Shows Signs Of Weakening, What Does This Mean?

6 hours ago
Bitcoin news

Leaked Chats Rock Bitcoin: Hard Fork Proposal Threatens Immutability

16 hours ago
Bitcoin

Bitcoin Cycle Inflows Hit $678 Billion: How Do Past Cycles Compare?

17 hours ago
Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

20 hours ago
Bitcoin Market Shifts Into HODL Mode As CEX Flows Cool Down – Details

Bitcoin Market Shifts Into HODL Mode As CEX Flows Cool Down – Details

1 day ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    20 hours ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    3 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    4 days ago
  • Snorter надхвърли $4 милиона след...

    5 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.