Spot Bitcoin Exchange-Traded Funds (ETFs) are designed to track the performance of bitcoin with the custody of the asset being held by the ETF manager.
Bitcoin Exchange-Traded Funds (ETFs) are designed to track the performance of the underlying asset or index of publicly traded bitcoin mining companies.
The BlackRock ETF filing is a different bitcoin investment product than already exists on the market, but compares to a similar previous example: the GLD trust.
BlackRock has filed an application for a spot Bitcoin ETF, utilizing Coinbase Custody and spot market data to enhance accessibility for institutional investors.
The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF.