BlackRock applies for spot Bitcoin ETF — a US first if authorized

BlackRock (NYSE:) has filed an utility for a spot change traded fund (ETF). The funding firm is the world’s largest and it will be the primary crypto spot ETF in america, if it receives approval.

In line with a filling by the Nasdaq inventory change with the U.S. Securities and Change Fee (SEC), Coinbase (NASDAQ:) Custody Belief Firm could be the custodian of the fund’s Bitcoin holdings and Financial institution of New York Mellon (NYSE:) would custody its fiat. BlackRock’s iShares Bitcoin Belief could be traded as Commodity-Based mostly Belief Shares.

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