BlackRock (NYSE:BLK), the worlds largest investment company, has filed an application for a Bitcoin spot exchange traded fund (ETF). It would be the first crypto spot ETF in the United States, if it receives approval. According to the filing, Coinbase (NASDAQ:COIN) Custody Trust Company would be the custodian of the fund and Bank of New York Mellon (NYSE:BK) would custody its fiat. The SEC has not approved a spot Bitcoin ETF so far despite numerous applicants. The worlds first spot traded Bitcoin ETF was Canadas Purpose Bitcoin ETF, set up in early 2021.
Continue Reading on Coin Telegraph
Source: Cryptocurrency - investing.com