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BlackRock Spot Bitcoin ETF Adds Citi, Citadel and Goldman Sachs As APs

Mary Liu

Summary: Citigroup, Goldman Sachs, UBS, and Citadel have joined JPMorgan Chase and Jane Street as authorized participants (APs) for the BlackRock Spot Bitcoin ETF, according to an amendment to the ETF’s Form S-1 filed with the U.S. Securities and Exchange Commission. The total number of APs expanded to nine companies. APs are entities that acquire the ...

Citigroup, Goldman Sachs, UBS, and Citadel have joined JPMorgan Chase and Jane Street as authorized participants (APs) for the BlackRock Spot Bitcoin ETF, according to an amendment to the ETF’s Form S-1 filed with the U.S. Securities and Exchange Commission. The total number of APs expanded to nine companies.

APs are entities that acquire the underlying asset of an ETF (such as Bitcoin) to create shares of it, thereby providing liquidity to the ETF market. The average U.S.-listed ETF has 24 "contracted" APs and five "active" APs, according to BlackRock's website.

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Link: BlackRock Spot Bitcoin ETF Adds Citi, Citadel and Goldman Sachs As APs   [Copy]
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