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Published by
Benzinga
World’s biggest asset management company BlackRock, Inc. (NYSE:BLK) on Thursday filed for a spot Bitcoin (CRYPTO: BTC) exchanged-traded fund on Thursday, creating a ripple in the cryptocurrency space. The ETF would be named as iShares Bitcoin Trust. Its assets would consist primarily of Bitcoin held by Coinbase Global, Inc. (NASDAQ:COIN), which would serve as the custodian on behalf of trust. What Happened: Gold bug Peter Schiff, a crypto skeptic and an opponent of Bitcoin and its kind, on Saturday suggested BlackRock could have an ulterior motive in filing for the spot Bitcoin ETF. The fact t…
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