BlackRock Nears Bitcoin ETF Filing with Coinbase Custody
TL;DR
Bitcoin's price jumped over 1.3% to over $25,700 after BlackRock's iShares unit filed paperwork with the SEC for the formation of a spot bitcoin ETF. The fund, to be named the iShares Bitcoin Trust, will primarily consist of bitcoin held by a custodian on behalf of the Trust, with Coinbase acting as the custodian. The filing has rekindled optimism about the possibility of a spot bitcoin ETF, despite the SEC rejecting multiple applications over the past 18 months.
- Bitcoin Jumps Past $25.7K After BlackRock iShares ETF Filing CoinDesk
- 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 Nears Filing Bitcoin ETF Application, Leveraging Coinbase Custody Bitcoin Magazine
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