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Will Blackrock approve iShares Bitcoin Trust?

The iShares arm of BlackRock is requesting approval for the iShares Bitcoin Trust, a spot Bitcoin ETF. On Jan. 10, 2024, the SEC approved BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), along with 10 other ETFs.

What is the Blackrock bitcoin ETF?

The BlackRock Bitcoin ETF is an investment fund that offers regulated exposure to Bitcoin for investors.

Should you invest in a Blackrock bitcoin ETF?

Additionally, by adding Bitcoin (BTC) among other investment assets, a BlackRock Bitcoin ETF aims to offer investors an opportunity for diversification. Moreover, it could be an alternative investment vehicle that competes with the Grayscale Bitcoin Trust and other existing cryptocurrency investment options.

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