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BlockFi Launched BlockFi Bitcoin Trust, Initial Subscribers Are Institutional Investors

Mary Liu

Summary: BlockFi, a popular crypto lending and borrowing platform, today announced the launch of BlockFi Bitcoin Trust, with a management fee of 1.75%. The initial subscribers are expected to be BlockFi and certain institutional investors, who can use BTC to purchase trust shares. After the initial lock-up period expires, it will be open to qualified individual investors ...

BlockFi, a popular crypto lending and borrowing platform, today announced the launch of BlockFi Bitcoin Trust, with a management fee of 1.75%.

The initial subscribers are expected to be BlockFi and certain institutional investors, who can use BTC to purchase trust shares. After the initial lock-up period expires, it will be open to qualified individual investors on a widely recognized brokerage platform.

Fidelity Digital Assets will provide custody services to the BTC held in the trust, and the index and price data will be fed by Coin Metrics.

By Mary Liu

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Link: BlockFi Launched BlockFi Bitcoin Trust, Initial Subscribers Are Institutional Investors   [Copy]
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