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Black stone (New York Stock Exchange: BLK(returned its application to the US Securities and Exchange Commission through Nasdaq)Nasdaq: NDAQ) to launch an exchange-traded fund that will invest directly in bitcoin (BTC-USD), according to documents filed Monday.
Move asset manager to add a new one Details of the proposed instant bitcoin (BTC-USD(The ETF came after the SEC reported that recent applications filed by BlackRock)BLK) and others It was not enough.
the new filing Show that BlackRock (BLK) has chosen cryptocurrency trading platform Coinbase Global (Nasdaq: Coin) to be a marketplace for watch-sharing agreements to help detect fraud, in an effort to address concerns raised by the SEC that initial filings are unclear and incomplete.
COIN has ended the brief session 11.7% higher And Bitcoin (BTC-USD) itself up 1.6% to just over $31,000 at 2:47 p.m. ET, as the potential approval of the U.S.’s first exchange-traded fund could streamline adoption by equity investors.
Furthermore, Cboe Global Markets (Pats: CBOEOn Friday, paperwork with the regulator for the BTC ETF was immediately reinstated on behalf of Fidelity Investments in order to address the SEC’s concerns that the original filing failed to mention cryptocurrency exchanges that would help detect fraud. in the primary market. mentionedadding that Coinbase (COIN) has also been selected to provide market monitoring in support of the ETF.