Approving bitcoin ETFs in the US – The Banker

In the past few weeks, crypto has been in the news once more due to expectations that bitcoin exchange-traded fund (ETF) submissions will be approved by the UK Securities and Exchange Commission (SEC). 
On Monday October 16, the bitcoin price skyrocketed due to an industry rumour that Blackrock bitcoin ETFs had been approved (they had not, and news reports that it had been retracted). One week later, on Monday October 23, bitcoin prices jumped again when the iShares bitcoin ETF was listed on the Depository Trust and Clearing Corporation with the ticker ‘IBTC’. This was later described as a standard process in bringing new ETFs to the market and not a confirmation of approval.  
Watch our interviews from the Felaban event in Miami Beach, Florida.
Watch our interviews from the Felaban event in Miami Beach, Florida.
Banks in the region are more exposed as they use fewer interest rates derivatives, while net interest income is larger than in other regions as a percentage of total revenue.
Monetary policy in the region is decoupling from the US Federal Reserve. Next year will be key to assess whether the region’s central banks have graduated to countercyclical policy and can provide a lesson for the world. 
In 2022, banks’ performance in Latin America and the Caribbean had a boost from rising interest rates and economic growth.
Watch our interviews from the Felaban event in Miami Beach, Florida.
Watch our interviews from the Felaban event in Miami Beach, Florida.
Banks in the region are more exposed as they use fewer interest rates derivatives, while net interest income is larger than in other regions as a percentage of total revenue.
Monetary policy in the region is decoupling from the US Federal Reserve. Next year will be key to assess whether the region’s central banks have graduated to countercyclical policy and can provide a lesson for the world. 
In 2022, banks’ performance in Latin America and the Caribbean had a boost from rising interest rates and economic growth.

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