Asset manager BlackRock is preparing to file a bid to create bitcoinETFs. This is reported CoinDesk with reference to sources.
According to the publication, to implement the initiative, the company uses the custodial service Coinbase Custody and data from the spot market of the cryptocurrency exchange for pricing.
BlackRock began partnering with the platform back in August 2022. Then the management firm provided clients with access to digital asset trading through its portfolio management system as part of an integration with the Coinbase Prime institutional service.
To date, the US Securities and Exchange Commission (SEC) has rejected almost all applications for registration of cryptocurrency ETFs.
In June 2022, asset manager VanEck filed paperwork to launch a spot Bitcoin ETF. The previous application was rejected by the SEC in November 2021.
In October 2021, Grayscale Investments filed a petition to convert a digital gold-based trust into a spot bitcoin ETF. On December 17, the SEC delayed its decision on the application, and in February 2022 again postponed the date on this issue. On June 30, Grayscale sued the regulator after a negative response.
Earlier, the regulator still approved bitcoin-ETF for ProShares and Valkyrie Investments.
Recall that the Wall Street Journal editors accused the head of the SEC, Gary Gensler, of a “confusing” approach regarding the adoption of a spot bitcoin ETF.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Asset manager BlackRock is preparing to file a bid to create bitcoinETFs. This is reported CoinDesk with reference to sources.
According to the publication, to implement the initiative, the company uses the custodial service Coinbase Custody and data from the spot market of the cryptocurrency exchange for pricing.
BlackRock began partnering with the platform back in August 2022. Then the management firm provided clients with access to digital asset trading through its portfolio management system as part of an integration with the Coinbase Prime institutional service.
To date, the US Securities and Exchange Commission (SEC) has rejected almost all applications for registration of cryptocurrency ETFs.
In June 2022, asset manager VanEck filed paperwork to launch a spot Bitcoin ETF. The previous application was rejected by the SEC in November 2021.
In October 2021, Grayscale Investments filed a petition to convert a digital gold-based trust into a spot bitcoin ETF. On December 17, the SEC delayed its decision on the application, and in February 2022 again postponed the date on this issue. On June 30, Grayscale sued the regulator after a negative response.
Earlier, the regulator still approved bitcoin-ETF for ProShares and Valkyrie Investments.
Recall that the Wall Street Journal editors accused the head of the SEC, Gary Gensler, of a “confusing” approach regarding the adoption of a spot bitcoin ETF.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!