BlackRock, the world’s largest asset manager, has applied for a spot Bitcoin (BTC) exchange-traded fund (ETF).
Spot Bitcoin on BlackRock ETF for the wait is long it didn’t last. Shortly before anonymous One your source Apply for BlackRock’s Bitcoin ETF that you are preparing after the company stated that on June 15, to the US Securities and Exchange Commission (SEC) by making a statement registration request created.
According to the information given in the declaration “iShares Bitcoin Trust” so-called fund bitcoin assets, known as the largest cryptocurrency exchange in the USA on Coinbase the preservation of their fiat currency assets while they will be kept Bank of New York Mellon (BNY Mellon) will undertake.
When it comes to determining the total value of the fund, the Bitcoin price is the leading crypto index provider. Taken from CF Benchmarks determined by the data. Fund, state of Delaware will be subject to laws.
First confirmation?
The SEC has never to spot Bitcoin ETF However, after a large company like BlackRock applied for a spot Bitcoin ETF, expectations were raised that it would receive public approval. Move from the world’s largest asset manager for spot Bitcoin ETF application investors while raising hopes of the company One plan that it is made me believe.
For the SEC to respond to this application 240 days duration exists. A positive response in this process It could trigger a massive rally in Bitcoin.
According to Coinecko data, with the announcement of the application to the public, Bitcoin, 1,000 appreciating the dollar It rose 3.9%. Bitcoin, as of writing 25,577 traded at the dollar level.