BLACKROCK RAISES 2 BILIIONS IN FUNDS FOR SPOT BTC
BlackRock, a major asset management firm, has reportedly raised $2 billion for a Bitcoin spot exchange-traded fund (ETF). This information comes from Matthew Sigel, the head of digital asset research at VanEck, according to Foresight News.
A spot ETF directly tracks the underlying asset, in this case Bitcoin, and aims to reflect its price on the market. Unlike Bitcoin futures ETFs, which are already available, spot ETFs offer a potentially closer link to the actual price of Bitcoin.
However, it's important to note that this is still just a report and BlackRock has not officially confirmed it. We need to wait for further information from the firm itself.
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