Cryptocurrency Q&A
Who is applying for a bitcoin ETF?
Who is applying for a bitcoin ETF?
isabella_cole_psychologist
Wed Jul 17 2024
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7 answers
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Could you elaborate on the entities that are currently seeking approval for a Bitcoin Exchange-Traded Fund (ETF)? The question is of utmost importance given the potential impact such a financial instrument could have on the cryptocurrency market. Are there specific institutions or investment firms leading the charge? Are there any regulatory considerations that they need to address? Are there any notable players in the crypto space that have expressed interest in this type of investment vehicle? Understanding the players involved and their motivations could provide valuable insights into the future of Bitcoin and its integration into traditional financial markets.
7 answers
CharmedClouds
Thu Jul 18 2024
BNY Mellon, a leading global financial services company, has been appointed as the cash custodian for BlackRock's Bitcoin ETF.
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Riccardo
Thu Jul 18 2024
Among the prominent Bitcoin ETF applicants stands BlackRock, a financial giant renowned for its investment expertise.
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Alessandra
Thu Jul 18 2024
This partnership with BNY Mellon ensures the safekeeping of cash proceeds and efficient settlement of transactions related to the ETF.
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mia_rose_painter
Thu Jul 18 2024
On June 15, BlackRock made a formal filing for a spot Bitcoin ETF, indicating its intention to introduce a new investment vehicle focused on Bitcoin.
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Federica
Thu Jul 18 2024
Coinbase, a trusted cryptocurrency exchange, has been named as the crypto custodian and spot market data provider for BlackRock's proposed ETF.
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