BlackRock, a leading player in the asset management industry, has submitted an application to the U.S. Securities and Exchange Commission (SEC) on June 15, 2023, for a Bitcoin spot Exchange-Traded Fund (ETF) known as the "iShares Bitcoin Trust"​1​. Despite the recent regulatory pressure on the cryptocurrency industry, BlackRock's application suggests confidence in the asset class and could be seen as a positive sign for the crypto industry​1​.

The BlackRock "iShares Bitcoin Trust" is planning to use data provided by Coinbase's custody services, a collaboration that has been in the works since mid-2022​1​.