‼️‼️‼️Breaking News: BlackRock adds 5 new APs, including Goldman Sachs, Citadel and Citigroup, to detect Bitcoin ETF
#BlackRock the world's largest asset manager, today updated the list of Authorized Participants (APS) for the spot Bitcoin exchange-traded fund (ETF) IBIT. The #ETF , which has been in operation since January 10, 2024, allows investors to invest in Bitcoin without directly holding digital assets.
According to the latest announcement, BlackRock has added five new Authorized Participants to the list, bringing the total number of APS from four to nine. The new additions include ABN AMRO Clearing USA LLC, Citadel Securities LLC, Citigroup Global Markets, Inc. Dec. it is taking place. December., Goldman Sachs & Co. LLC and UBS Securities LLC are located at.
Authorized Participants play a crucial role in the creation and repurchase of ETF shares and facilitate the process by transferring cash to and from the Trust Manager through one or more accounts. The expansion of the AP listing is expected to increase the liquidity and accessibility of the ibit for investors.
As stated in the previous prospectus, current Authorized Participants include Jane Street Capital, LLC, J.P. Morgan Securities LLC, Macquarie Capital (USA) Inc. Dec. is available. The current Authorized participants are Jane Street Capital, LLC, J.P. Morgan Securities LLC, Macquarie Capital (USA), Dec. and Virtu Americas LLC was participating. The prospectus also stated that additional Authorized Participants may be October added at any time at the Sponsor's discretion.
The inclusion of leading financial institutions such as Goldman Sachs and Citigroup as Authorized Participants in the Ibit shows that the mainstream acceptance of Bitcoin is increasing and the demand for regulated investment vehicles that provide access to digital assets is increasing.
