💸BlackRock is planning to file an application for a Bitcoin ETF 🤑
According to media reports, the application is nearly ready, and Coinbase will be partnering with BlackRock. Both BlackRock and Coinbase have declined to comment on the matter.
In 2021, the approval of the first Bitcoin futures ETF in the US coincided with the second peak in BTC price at $69k. However, the SEC has consistently rejected applications for spot Bitcoin ETFs over the past few years.
With $8 trillion in assets under management, BlackRock is well-positioned to negotiate with the SEC 🤔
$BTC
