top of page

BREAKING: Blackrock Has Re-applied Spot Bitcoin ETF

bitcointimescy

Updated: Feb 29, 2024

BlackRock, the world's largest asset management company, has applied for a Bitcoin ETF again after the SEC's warning.

Blackrock Has Re-applied Spot Bitcoin ETF

BlackRock, the largest asset management company globally, has taken a step forward in its pursuit of a Bitcoin spot exchange-traded fund (ETF) by resubmitting its application, despite a warning from the Securities and Exchange Commission (SEC).


In collaboration with Coinbase, a prominent US cryptocurrency exchange, BlackRock has partnered with Nasdaq to reapply for the launch of a Bitcoin ETF tied to the spot market. If approved, this groundbreaking ETF would be the first of its kind in the United States. The country's regulators have previously either rejected or delayed numerous Bitcoin ETF proposals, citing concerns over market manipulation, investor protection, and custody-related matters. Thus far, the SEC has only granted approval to two Bitcoin futures ETFs, which track the value of BTC contracts traded on regulated exchanges.


According to sources from the Wall Street Journal, the SEC highlighted insufficient details in the previously filed ETF applications. The absence of the cryptocurrency exchange intermediary's name was specifically mentioned as the reason for the applications' shortcomings. However, several companies, including BlackRock, have made amendments to address this issue, with Coinbase now being identified as the intermediary for these proposed ETFs.


  • White Facebook Icon
  • LinkedIn
  • Whatsapp

BITCOIN TIMES CY NEWSLETTER

Join over million readers and get the latest posts delivered straight to your inbox.

Thanks for submitting!

*Disclaimer: The opinion presented here should not be interpreted as investment advice; rather, it is intended solely for informational purposes. It may not necessarily align with the perspective of Bitcoin Times Cy. Given that all investments and trading carry inherent risks, it is advisable to conduct your own research before reaching decisions. We advise against investing funds that you cannot afford to lose.

You should refrain from making any decision, whether financial, investment, trading, or otherwise, solely relying on the information provided on this website. It is crucial to conduct your own thorough research and seek guidance from a qualified broker or financial advisor.

Bitcoin Times Cy cannot be held accountable for any inaccuracies, omissions, or errors on this website. Moreover, Bitcoin Times Cy cannot assume responsibility for any trading or investment losses experienced by visitors to the site, even if such losses arise due to errors.

You understand that you are using any and all Information available on or through this website at your own risk.

© Copyright 2023 All rights Reserved | Bitcoin Times Cy

bottom of page