BlackRock has refiled for a Bitcoin ETF after the Securities and Exchange Commission (SEC) identified some flaws in its previous filing. The proposed ETF will rely on Coinbase, the largest crypto exchange in the US, for custodial services and spot market data for pricing. Coinbase also provides similar services to Fidelity, which is seeking its own Bitcoin spot ETF. The ETF would allow investors to have exposure to Bitcoin without actually owning the cryptocurrency. The filing also mentions a potential bilateral surveillance-sharing agreement between Nasdaq and Coinbase. The news was reported by Decrypt.
AI Sentiment: Positive
