BlackRock Files for Spot Bitcoin ETF
BlackRock filed paperwork with the Securities and Exchange Commission Thursday for a spot bitcoin ETF, which would hold the cryptocurrency as the underlying asset and track its price.
At least a dozen asset managers have previously filed for spot bitcoin ETFs and been rejected by the Securities and Exchange Commision. The regulator has argued that such products are vulnerable to fraud and market manipulation.
Coinbase Global would be the custodian for the fund’s bitcoin holdings, according to the filing.
