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First Mover Americas: BlackRock Files for a Spot Bitcoin ETF

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BlackRock filed for a spot bitcoin ETF and altcoins suffered losses over the last week, with the tokens called out as securities in the SEC’s lawsuits witnessing some of the worst drops. LedesmaLyllah reports in First Mover Americas

Thursday afternoon with the U.S. Securities and Exchange Commission for the formation of a spot bitcoin ETF.

To be named the iShares Bitcoin Trust, the fund's assets will"consist primarily of bitcoin held by a custodian on behalf of the Trust," according to the filing, which said that the custodian will be crypto exchange Coinbase . Though approving a number of futures-based bitcoin ETFs, the SEC has notably rejected other fund management company attempts at opening a spot bitcoin ETF, including those from Grayscale, VanEck, and WisdomTree.

, which attests that it meets anti-money laundering guidelines. As of July 17, Dutch residents will only be able to withdraw their funds from the platform, according to a statement from the exchange. “We regret to announce that Binance is leaving the Dutch market,” Binance said on its website. “This unfortunately means that no new users residing in the Netherlands will be accepted as of today … No further purchases, trades or deposits will be possible.

 

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