HKWM
17 Jun 2023
BlackRock Files For SEC Approval For A Bitcoin Spot ETF With Coinbase!!!
BlackRock, the worlds largest asset management company with USD $9.5 Trillion dollars in assets under management, who's CEO (Larry Fink) has said for YEARS that they (BlackRock) have no interest in cryptocurrency & has in the past called bitcoin "an index for money laundering [2017]" has now filed for SEC approval on a Bitcoin ETF (Exchange Tradable Fund)!
BlackRock has filed for an Spot ETF that tracks the price of Bitcoin, giving investors exposure to the cryptocurrency without having to directly buy it. In a Securities and Exchange Commission filing, the world's largest asset manager said it would use Coinbase as its custodian.
As a "Spot ETF" it would mean that BlackRock would need to hold Bitcoin in it's own custody in order to back the ETF.
More On This Story As It Unfolds!