BlackRock is close to filing for bitcoin ETF, CoinDesk reports

Companies • June 15, 2023, 9:28AM EDT
The Block

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  • BlackRock is close to filing an application for a bitcoin ETF, CoinDesk reported, citing a source.

Investment management firm BlackRock is close to filing an application for a bitcoin ETF, CoinDesk reported, citing a source.

The company plans to use Coinbase Custody and the exchange's spot market data for pricing, CoinDesk said, adding that BlackRock began working with Coinbase halfway through last year.

The U.S. Securities and Exchange Commission has so far rejected every bitcoin ETF application it's received, and it's not yet clear how the request will be received.


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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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