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Blackrock Files for Bitcoin ETF

BlackRock Files Bitcoin ETF Application

  •  June 16, 2023  •   


BlackRock, the largest asset manager globally, has submitted an application with the SEC for an exchange-traded fund (ETF) focused on Bitcoin. As part of their efforts to establish a Bitcoin ETF, BlackRock has selected Coinbase Custody as their trusted custodial solution. The proposed ETF will utilize CF Benchmarks’ indices, which will include price data from six prominent exchanges: Coinbase, Kraken, Gemini, Bitstamp, itBit, and LMAX Digital.

It is important to note that the Securities and Exchange Commission (SEC), the regulatory body overseeing ETFs in the United States, has previously rejected all applications for a Bitcoin ETF linked to spot trading. However, the commission has granted approval for various Bitcoin futures ETFs, which have successfully launched for trading.

BlackRock’s filing for a spot Bitcoin ETF signifies a pivotal moment in the industry, as a significant player in traditional finance recognizes the potential of Bitcoin. If approved, the Bitcoin ETF would usher in a new era of adoption, offering investors an unprecedented opportunity to engage in the Bitcoin market through a regulated and accessible investment vehicle.



Max K. Montague, Meme Coin Trader
  A Crypto Trader, Miner and Investor with 11+ years experience trading stocks, forex, crypto and meme coins. My hobbies are helping others make money online as fast as possible while managing risk tolerance.

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