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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