BlackRock’s Innovative Move: Opening Doors for Wall Street Banks in Spot Bitcoin ETFs
In a strategic move, BlackRock has adjusted the mechanics of its proposed spot bitcoin ETFs, allowing authorized participants (APs) to create new fund shares with cash instead of solely relying on cryptocurrency. This alteration paves the way for highly regulated U.S. banks, such as JPMorgan or Goldman Sachs, which face restrictions in holding cryptocurrencies, to …
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