Trading giants like Jane Street could back BlackRock’s Bitcoin ETF

Some of the world’s largest market-making firms could get involved to provide liquidity for BlackRock’s highly anticipated Bitcoin ETF if regulators approve the product, according to people familiar with the matter. Trading giants Jane Street, Virtu Financial, Jump Trading and Hudson River Trading have been in talks with BlackRock for a market-making role, according to BlackRock slides reviewed by this person. BlackRock, Jane Street, Virtu and Jump declined to comment. Hudson River Trading, also known as HRT, did not respond to a request for comment.

The Commodity Futures Trading Commission (CFTC), which regulates U.S. derivatives markets, has paid out $16 million to whistleblowers this year, mostly 1,530 reports, Commissioner Christy Goldith Romero said on Tuesday Cryptocurrencies are involved. Romero said in a statement posted on the CFTC website: “The majority of reports received this year have involved cryptocurrencies, an area where fraud and other illegal conduct continues to be widespread. With the rise of the CFTC, more and more retail customers are subject to the jurisdiction of the CFTC, which makes the efforts of the CFTC Whistleblower Program and Customer Education and Outreach Office even more important. ”

Etherfuse is an attempt to improve the decentralized infrastructure of this website. platform, which launched “Stablebond,” a tokenized bond offering for Mexican retail investors, at the Solana Breakpoint conference in Amsterdam. The firm is targeting Mexico because it is Latin America's second-largest bond market, behind Brazil, its research shows. The market is also one of the most liquid in Latin America, with $623 billion in outstanding debt and average daily trading volumes of $200 million, the study added. According to a press release from Etherfuse, the majority of trading volume in Mexico comes from institutional, government, and foreign investors, meaning there is a lack of retail investors or individuals investing in bonds.

Bitcoin settled more than 40 million transactions in the July quarter, setting an all-time high. Hashdex said increased network usage could bode well for Bitcoin’s price in the future.

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