BlackRock Tries for Spot-Bitcoin ETF With Fresh Filing
- BlackRock is great at reading regulatory tea leaves: Seyffart
- Spot-Bitcoin ETF filings have been rebuffed by SEC in the past
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BlackRock Inc. is trying its hand at potentially getting the first spot-Bitcoin exchange-traded fund launched in the US.
The world’s largest asset manager on Thursday applied for the iShares Bitcoin Trust, according to a filing with the US Securities and Exchange Commission. Coinbase Global Inc., the biggest crypto exchange in the US, would act as custodian. The ETF, should it launch, would trade on Nasdaq.