BlackRock, the world’s largest asset manager cryptocurrency The claim that he will make a new attempt in the sector fell like a bomb on the agenda. With more than $8.5 trillion in assets under management BlackRock, according to sources Bitcoin ETFgetting ready to apply.
An anonymous name speaking to the crypto press, BlackRock BTC He claimed that he would work with the Coinbase exchange for his fund. Giant asset manager to provide crypto to institutions last year coinbase had cooperated with Allegedly, BlackRock will use the spot data of the US-based exchange to determine the Bitcoin ETF price.
SEC’s Attitude on ETFs
The news source emphasized that there is no clear information on whether the ETF application will be spot or forward. The Securities and Exchange Commission SEC has allowed some futures crypto funds, but has so far rejected all spot applications. The claim, which is closely related to the crypto market, caused a small movement in Bitcoin.
Bitcoin (BTC) Price
Following the BlackRock news, the leading cryptocurrency Bitcoin made up for some of its daily loss. Falling down to 24,800 in the middle of noon BTCIt rose 1% from the daily low.
$BTC is currently finding buyers at $25,060.
