BlackRock may apply for Bitcoin ETF

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US asset management giant BlackRock will soon apply for a Bitcoin ETF. CoinDesk reported, citing sources.

Although not confirmed, BlackRock will use Coinbase Custody as a custodian for its ETFs, as well as Bitcoin spot price data from the Coinbase exchange. Last year, BlackRock announced a partnership with Coinbase to provide institutional investors with Bitcoin (BTC) trading, custody, and various market data.

BlackRock has also launched several blockchain-related ETFs and bitcoin private mutual funds.

connection: BlackRock Launches Blockchain ETF in Europe

Meanwhile, the SEC has never approved a Bitcoin spot ETF application.

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