Financial circles are buzzing with the news that BlackRock, the world’s largest asset manager, is considering applying for a Bitcoin Exchange Traded Fund (ETF). This development signifies a substantial move by one of the most influential financial institutions into the world of cryptocurrencies. The anticipation is growing amid revelations that BlackRock plans to use Coinbase Custody for the ETF, alongside the crypto exchange’s spot market data for pricing. This alliance represents a significant step in legitimizing cryptocurrencies in traditional finance. Notably, Bitcoin (BTC) and Coinbase (COIN) have not reacted to the news but have only continued to dwell in red, with
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Author: coinmaker