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#blackrock #crypto2023 #deal Investors were weighing the latest development in the crypto industry's battle with the U.S. Sec. for regulatory recognition and guidance. After the bell Thursday, B.rock — the largest asset manager in the world — filed for spot bitcoin ETF, with Coinbase as its crypto custodian. the iShares Bitcoin Trust would become the first approved ETF in the U.S. to track the price of bitcoin, versus the futures contracts tied to the cryptocurrency. It's been about 10 years since the first filing for a potential spot bitcoin ETF. Since then, every application that has gone through the SEC has been rejected. That apparent commitment to Coinbase is almost as important near term as their commitment to bitcoin is in the long term," said Mark Connors, head of research at 3iQ. "It's a big deal." #BTC #BNB
#blackrock #crypto2023 #deal

Investors were weighing the latest development in the crypto industry's battle with the U.S. Sec. for regulatory recognition and guidance. After the bell Thursday, B.rock — the largest asset manager in the world — filed for spot bitcoin ETF, with Coinbase as its crypto custodian.

the iShares Bitcoin Trust would become the first approved ETF in the U.S. to track the price of bitcoin, versus the futures contracts tied to the cryptocurrency. It's been about 10 years since the first filing for a potential spot bitcoin ETF. Since then, every application that has gone through the SEC has been rejected.

That apparent commitment to Coinbase is almost as important near term as their commitment to bitcoin is in the long term," said Mark Connors, head of research at 3iQ. "It's a big deal."

#BTC #BNB