Home » The Meme Coin Blog » BlackRock Files Bitcoin ETF Application
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.

Related Posts...

Meme Coin Updates
Your weekly dose of Crypto news, Prices & other updates.

  • Get Trading Secrets for 100x Gains.
  • Get in Early On The Right Coins & Projects.
  • Click Below to Get Updates Now ...