BlackRock takes giant leap toward spot bitcoin ETF with SEC filing
BlackRock took a giant leap toward a spot bitcoin ETF, filing a registration statement with the U.S. Securities and Exchange Commission on Thursday.
Known as the the iShares Bitcoin Trust, the Delaware statutory trust will hold assets primarily consisting of bitcoin held by a custodian designated as Coinbase Custody Trust Company.
The price of bitcoin will be determined using the CF Benchmarks Index, according to the filing.
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Author: Nathan Crooks
