Bullish, Blockrock is pushing Bitcoin ETF

BlackRock, the world's biggest asset manager, is close to filing an application for a Bitcoin ETF, according to a person familiar with the matter. That person said the fund will use Coinbase Custody and Coinbase's spot market data for pricing, and Coinbase declined to comment. It was not clear whether the ETF would be spot or futures, and BlackRock did not immediately respond to requests for comment. The article notes that the SEC has rejected every application for a spot bitcoin ETF to date, though it has approved several bitcoin futures ETFs.