While traditional investors are chasing the AI craze, The world’s biggest asset manager applied for a bitcoin exchange-traded fund (ETF), so investors can get exposure to the cryptocurrency.
Coinbase Custody will act as custodian for #BlackRock’s iShares Bitcoin Trust.
The U.S. Securities and Exchange Commission (SEC) has yet to approve any application for spot bitcoin ETFs.
All the previous Bitcoin ETF applications were rejected by SEC.
Following Blackrock’s application, two more applications were submitted by Invesco and WisdomTree
My thoughts :
- With SEC suing the crypto exchanges Binance and Coinbase, the crypto sector is currently facing a lot of uncertainty.
- So, it will be interesting to follow the status of these Bitcoin ETFs.
Disclaimer: This is not an investment advice. Investments into stocks, crypto currencies, etc involve a lot of risk. Consult a professional for financial advice.
Sources:
- BlackRock files for bitcoin ETF in push into crypto
- BlackRock, Invesco, Wisdome Tree… Tout le monde veut son ETF bitcoin
#bitcoin #cryptocurrency #investments #ETF #spot #usa
Disclaimer
- Any finance-related information shared is not professional legal, tax, or investment advice.
- The information provided is of an educational and general nature and is not investment advice within the meaning of Articles L. 321-1 and D. 321-1 of the French Monetary and Financial Code.
- Investment carries risks of loss and past performance does not guarantee future performance.
- For all professional advice, please consult a certified financial planner, CGP, CIF, tax consultant, etc.
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