Bitcoin Lending Platform BlockFi Files for Bitcoin ETF

BlockFi– a leading cryptocurrency lending institution– has recently filed for a Bitcoin Futures ETF with the SEC. Their request comes amidst growing excitement that the US could approve a Bitcoin ETF by the end of October. Blockfi’s Bitcoin Strategy ETF BlockFi’s proposed ETF would be listed on the Cboe BZX exchange, according to the company’s filing today. It seeks to purchase cash-settled Bitcoin futures contracts on the CME to accumulate capital. It would also invest in short-term fixed-income securities, alongside…

Top 5 Crypto-to-Crypto Exchanges for Intermediate Traders

Finding the right crypto-to-crypto exchange is a vital step in progressing your trading strategy. Crypto-to-crypto exchanges provide users with some significant advantages in terms of coin selection and ease of onboarding. Many of these platforms don’t support fiat currency trading pairs. As such, they don't require you to undergo intrusive KYC protocols. Nowadays, there are more crypto-to-crypto options in the market. Part of this increase in selection can be attributed to the rising popularity of DEXs (decentralized exchanges). Here are…

BlockFi Lending Platform – Crypto Loans, High-Rate Deposits and Trades

The emerging niche of Decentralized Finance (DeFi) brings us one step closer to mass crypto adoption. Before it becomes universally accepted, the cryptocurrency industry offers similar benefits to those that traditional banking institutions have to offer. Lending platforms like BlockFi are the pioneering providers of wealth management solutions that have existed for centuries in the classic financial system. However, they take them one evolutionary stage further by making them available through blockchain technology. This BlockFi review should help you take…

BTC and ETH Holders to Score Big in the Revamped BlockFi Interest Structure

BTC and ETH holders are set to earn more in the revised BlockFi interest structure the firm has announced. According to Zac Prince, the firm's founder cum CEO the changes take effect on April 1. BlockFi Improved Offerings  The announcement indicates that Tier 1 BTC holders with up to 5 BTC on the platform will earn a 6% annual percentage yield (APY). On the other hand, Tier 1 ETH holders, those holding up to 500 ETH on the platform will…

BlockFi Users Can Send Cash Via Wire and Gain Upto 8.6% APY on their Investment

Recently, BlockFi, a crypto lender, announced the addition of a new product feature on its platform. The crypto lender will give its users the ability to send cash to the platform through the wire. As of the 10th of March, users can now send USD wires to the BlockFi platform to buy stablecoins and begin earning up to 8.6% APY on the USD-denominated assets. The wires sent will be exchanged for Gemini Dollars (GUSD) on the platform, and the deposited…