BlackRock files for US first spot Bitcoin ETF with Coinbase as custodian.
TL;DR Summary
BlackRock has filed with the SEC to launch a spot bitcoin product in the US, using a bitcoin reference rate from CF Benchmarks and with Coinbase as custodian of the trust's bitcoin holdings. The SEC has previously blocked attempts to launch spot bitcoin ETFs in the US, citing concerns around market manipulation, but has permitted ETFs that invest in bitcoin futures contracts. BlackRock CEO Larry Fink has expressed bullishness in crypto's underlying tech, saying that tokenizing securities is "the next generation for markets."
- BlackRock joins ranks of US bitcoin ETF hopefuls Blockworks
- BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian CNBC
- BlackRock reportedly close to filing Bitcoin ETF application CNBC Television
- BlackRock Close to Filing for Bitcoin ETF Application: Source CoinDesk
- BlackRock applies for spot Bitcoin ETF — a US first if approved Cointelegraph
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