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BlackRock Resubmits Application for Spot Bitcoin ETF, Will Have Coinbase Provide Market Oversight

BlackRock Resubmits Application for Spot Bitcoin ETF, Will Have Coinbase Provide Market Oversight

2023/07/04 03:28

BlackRock has re-filed its BlackRock Spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) through Nasdaq, adding new details to its ETF for direct investments in bitcoin, including market oversight by Coinbase, according to Bloomberg. 

As previously reported, the SEC said the application documents for the spot bitcoin ETF filed by asset managers such as BlackRock and Fidelity Investments were not sufficient.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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