BlackRock Updates Bitcoin ETF Filing to Make Access Easier for Wall Street Banks

Wed, 13 Dec 2023 05:58:12 +0000
World

BlackRock has changed up how its spot Bitcoin exchange traded fund (ETF) will work, potential opening the doors for major U.S. banks to participate in the crypto industry. In a memo filled on Nov. 28, BlackRock disclosed a new in-kind redemption “prepay” model that will allow banks to act as…