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.

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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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About Author

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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