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BlackRock Close to Filing for a Bitcoin ETF
Summary: BlackRock, the largest asset manager globally, is close to finalizing an application for a Bitcoin ETF (exchange traded fund), according to a person familiar with the matter. The ETF will utilize Coinbase (COIN) Custody for its operations and the spot market data from the crypto exchange for pricing. BlackRock initiated its collaboration with Coinbase last ...
BlackRock, the largest asset manager globally, is close to finalizing an application for a Bitcoin ETF (exchange traded fund), according to a person familiar with the matter.
The ETF will utilize Coinbase (COIN) Custody for its operations and the spot market data from the crypto exchange for pricing.
BlackRock initiated its collaboration with Coinbase last year, with the aim of providing institutional investors with direct access to cryptocurrencies.
Until now, the Securities and Exchange Commission (SEC) has declined all applications for a spot bitcoin ETF, though it has approved several bitcoin futures ETFs for trading.
Author: Katie Lin
Tags: Bitcoin,Blackrock,coin,Coinbase,ETF,exchange traded fund,Futures,SEC,Securities and exchange commission,Spot Market
Link: BlackRock Close to Filing for a Bitcoin ETF [Copy]
