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BlackRock's transition to a cash-only approach marks a pivotal change in its ETF strategy. Eric Balchunas, a senior ETF analyst, explained that the firm would now accept Nasdaq has submitted a filing on behalf of asset manager BlackRock, seeking a rule change to permit in-kind creation and redemption for its spot Bitcoin exchange The world’s largest asset manager, BlackRock, has submitted a new amendment to its S1 filing with the US SEC (Securities and Exchange Commission) regarding Per a Coindesk report, BlackRock, the world’s largest asset manager, is reportedly getting closer to filing an application for a Bitcoin (BTC) Exchange-Traded Fund (ETF) in the United States. BlackRock is now preparing to delve deeper into the crypto realm by filing an application for a Bitcoin ETF. According to insider information, BlackRock will use Coinbase

BlackRock Bitcoin ETF: Moves Closer with Key Amendments – What You Need to Know

The prospect of a BlackRock Bitcoin ETF is edging closer to reality, sending ripples of excitement through the crypto market. Recent amendments to BlackRock's S1 filing with the US SEC (Securities and Exchange Commission) signal significant progress. According to insider information, BlackRock is now preparing to delve deeper into the crypto realm by filing an application for a Bitcoin ETF. Per a Coindesk report, BlackRock, the world’s largest asset manager, is reportedly getting closer to filing an application for a Bitcoin (BTC) Exchange-Traded Fund (ETF) in the United States. BlackRock will use Coinbase.

BlackRock's Cash-Only Approach: A Game Changer

BlackRock's transition to a cash-only approach marks a pivotal change in its ETF strategy. This shift is seen as a strategic move to address regulatory concerns and streamline the ETF creation and redemption process. Eric Balchunas, a senior ETF analyst, explained that the firm would now accept. This revised approach could pave the way for SEC approval, a hurdle that has prevented many previous Bitcoin ETF applications from succeeding.

Nasdaq Filing Supports BlackRock's Bitcoin ETF

Nasdaq has submitted a filing on behalf of asset manager BlackRock, seeking a rule change to permit in-kind creation and redemption for its spot Bitcoin exchange. This filing is a crucial step, demonstrating the commitment of major institutions to facilitate the trading of BlackRock's proposed Bitcoin ETF.

Why This Matters: BlackRock and the Future of Bitcoin ETFs

With BlackRock, the world’s largest asset manager, at the forefront, a Bitcoin ETF could unlock significant institutional investment in Bitcoin. The ETF's potential accessibility and regulatory compliance make it an attractive option for investors wary of directly holding cryptocurrency. Keep checking back for the latest updates on BlackRock’s journey towards a Bitcoin ETF and its potential impact on the crypto landscape.

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