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 industry1.
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-20221.
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3.00"Bitcoin ETFs are finally coming to the U.S. in 2024 and, by all indictions, the first ones will hit the market sometime in mid- to late-January."
https://fortune.com/crypto/2023/12/18/bitcoin-etf-cash-redemption-requirement-sec/amp/
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