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

1 min read
Source: Financial Times
TL;DR Summary

BlackRock, the world's largest asset manager, is reportedly exploring the possibility of investing in bitcoin futures and pushing for a bitcoin exchange-traded fund (ETF). The move comes as more institutional investors are showing interest in cryptocurrency as an investment. BlackRock's potential entry into the market could further legitimize bitcoin and other cryptocurrencies as a viable investment option.

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