5 months ago
2 mins read
BlackRock nears Bitcoin ETF launch, facing SEC scrutiny over using a third-party broker
The race for a Bitcoin Exchange Traded Fund (ETF) is heating up as financial giant BlackRock edges closer to launching its own ETF. However, the company is facing scrutiny from the U.S. Securities and Exchange Commission (SEC) over its plan to utilize a third-party broker and Coinbase as a custodian. As the year comes to a close, BlackRock, along with other applicants, is fine-tuning its ETF application. The Bitcoin ETF has been a highly anticipated development in the crypto space, and BlackRock’s entry into the arena adds an extra layer of excitement. One notable aspect of BlackRock’s plan is the