BlackRock reportedly preparing to file an application for a Bitcoin ETF BlackRock Coinbase Bitcoin
- BlackRock, the world’s largest asset manager, is reportedly preparing to file an application for a Bitcoin exchange-traded fund , according to a source familiar with the matter.
It is not clear at this point whether the ETF will be a Bitcoin spot or futures ETF. It also remains to be seen if the Securities and Exchange Commission’s recent lawsuit against Coinbase will have any material effect on this potential ETF project. The asset manager also has previous experience in launching blockchain-related ETFs in the U.S. In April 2022, they launched the iShares Blockchain and Tech ETF, which tracks the investment results of an index composed of U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.
To date, the SEC has rejected more than a dozen spot Bitcoin ETFs, including those filed by SkyBridge, Grayscale, WisdomTree and ARK 21Shares. Bitcoin Futures ETFs have seen more success, with seven such ETFs currently approved by the SEC and available to trade in the U.S. market.
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