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BlackRock seeks approval for US' first spot Bitcoin ETF with Coinbase as custodian.

1 min read
Source: Cointelegraph
BlackRock seeks approval for US' first spot Bitcoin ETF with Coinbase as custodian.
Photo: Cointelegraph
TL;DR Summary

BlackRock has filed an application for a Bitcoin spot exchange traded fund (ETF), which would be the first crypto spot ETF in the United States if approved. The ETF would be traded as Commodity-Based Trust Shares, with Coinbase Custody Trust Company as the custodian of the fund's Bitcoin holdings and Bank of New York Mellon as the custodian of its fiat. The SEC has not yet approved a spot Bitcoin ETF, despite numerous applicants, including ARK Invest and Grayscale.

Topics:business#bitcoin#blackrock#coinbase#cryptocurrency#etf#sec
Share this article
  1. BlackRock applies for spot Bitcoin ETF — a US first if approved  Cointelegraph
  2. BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian  CNBC
  3. BlackRock Close to Filing for Bitcoin ETF Application: Source  CoinDesk
  4. BlackRock reportedly close to filing Bitcoin ETF application  CNBC Television
  5. BlackRock Nears Filing Bitcoin ETF Application, Leveraging Coinbase Custody  Bitcoin Magazine

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