![]() Many requests for the product from multiple companies, even the prominent ones, were denied. ![]() The spot bitcoin ETFs did not have an easy road in the United States. As noted in the filing, the sShares will serve as a medium for investors to make investments in Bitcoin without buying the crypto asset. The SEC has yet to approve the financial product filed to offer by the asset manager or any spot ETF.īlackRock would be able to facilitate its investor’s and customers’ crypto exposure with its product. The broader crypto community and the US regulator had been in a tussle with each other on the heated issue of spot bitcoin ETF. In contrast, the prominent bank in the US, the Bank of New York Mellon, would serve as the fiat custodian. Coinbase Custody Trust Company would be serving as the custodian for the Commodity-Based Trust Shares product. The Nasdaq Stock Exchange filed with the United States Securities and Exchange Commission (SEC) for the iShares Bitcoin Trust of BlackRock on Thursday, June 15. However, if it gets approval, the ETF will be the first spot Bitcoin ETF in the United States. It will be a spot Bitcoin ETF, and given the history of products regarding SEC approval, the skepticism remains there. The US crypto exchange was chosen as the custodian for the product. The firm filed for a Bitcoin exchange-traded fund (ETF). 1 The asset management firm seeks a strong foothold in the crypto space with the recent Bitcoin ETF filing.Īsset management giant, BlackRock is up for deep divingup to deep dive into the crypto space.
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