BlackRock Files Bitcoin ETF Application, Leveraging Coinbase Custody

2023-6-16 17:09

BlackRock, the worlds largest asset manager, has filed an application for a spot Bitcoin ETF (exchange-traded fund). 

In their pursuit of a Bitcoin ETF, BlackRock has chosen Coinbase Custody as their trusted custodial solution. The proposed ETF will be benchmarked against indices provided by CF Benchmarks. The indices will be comprised of price data from six exchanges: Coinbase, Kraken, Gemini, Bitstamp, itBit, and LMAX Digital.

It is worth noting that the Securities and Exchange Commission (SEC), the regulatory authority responsible for overseeing ETFs in the United States, has thus far rejected every application for a spot bitcoin ETF. Nevertheless, the commission has granted approval for several bitcoin futures ETFs, which have been successfully introduced for trading.

BlackRock's filing for a spot Bitcoin ETF signals a turning point in the industry, as a prominent player in the traditional financial space acknowledges the potential of Bitcoin. If approved, the Bitcoin ETF would open doors to a new wave of adoption and provide investors with an unprecedented opportunity to participate in the Bitcoin market through a regulated and accessible investment vehicle.

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blackrock spot coinbase custody etf bitcoin application

Источник: bitcoinmagazine.com

blackrock spot → Результатов: 13


BlackRock files for spot Bitcoin ETF; Coinbase to serve as custodian for BTC holdings

BlackRock, one of the world’s largest asset managers, has filed plans with the U.S. Securities and Exchange Commission to create a spot Bitcoin ETF through its iShares subsidiary. The news comes after reports earlier in the day that the investment giant, which has more than $9 trillion in assets under management, was close to filing […] The post BlackRock files for spot Bitcoin ETF; Coinbase to serve as custodian for BTC holdings appeared first on CryptoSlate.

2023-6-16 00:50


BlackRock Edges Closer To Bitcoin ETF Filing: Bullish Impact On BTC’s Price?

Per a Coindesk report, BlackRock, the world’s largest asset manager, is reportedly getting closer to filing an application for a Bitcoin (BTC) Exchange-Traded Fund (ETF) in the United States.  According to an anonymous source familiar with the matter, the company will use Coinbase (COIN) Custody for the ETF and the cryptocurrency exchange’s spot market data […]

2023-6-15 17:10


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