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The spot Bitcoin ETF run by the world’s largest asset manager, BlackRock, showed its early dominance in becoming the first among a newly approved group of crypto-linked financial products to ...
Show comments. (Reuters) -BlackRock's iShares Bitcoin Trust has become the world's largest fund for the world's largest cryptocurrency, racking up nearly $20 billion in total assets since listing ...
Spot-based ETFs basically allow investors to indirectly own an asset. When an investor buys shares in a spot-based ETF, they’re buying shares of the fund that owns that asset (e.g., BlackRock ...
Leading the spot bitcoin ETF pack is Grayscale Bitcoin Trust at $20.27 billion, followed by BlackRock’s iShares Bitcoin Trust at $3.31 billion and Fidelity’s Wise Origin Bitcoin Trust at $2.75 ...
January 10, 2024 at 3:50 PM. Drew Angerer—Getty Images. After a false start on Tuesday, the Securities and Exchange Commission on Wednesday finally approved spot Bitcoin ETFs. In a filing, the ...
About 10 firms are competing to get the first bitcoin spot ETF approved in the U.S., and BlackRock, which has more than $9 trillion in assets under management, filed for its own offering in June.
Now, though, financial giants like BlackRock and Fidelity will be using their new ETFs as a vehicle to distribute Bitcoin to their many clients, who will in turn start including it in retail ...
In June 2023, Fidelity applied with the United States Securities and Exchange Commission (SEC) to launch a Spot Bitcoin exchange-traded fund (ETF). In November 2023, they filed another application with the SEC to launch a Spot Ethereum ETF. [28] [29] The Bitcoin fund was granted approval and launched on January 11, 2024. [30]