Is BlackRock's Bitcoin ETF Application A Political Message?
The Breakdown
00:00
The SEC's Reluctance to Approve Bitcoin Futures ETFs
The fund will be named the iShares Bitcoin Trust and its assets will quote, consist primarily of Bitcoin held by a custodian on behalf of the trust. Pricing will be benchmarked against the CME CF Bitcoin reference rate which draws price feeds from reputable US-based spot exchanges. Some were skeptical that even a firm as large as BlackRock had the clout to push through a spot Bitcoin ETF with the SEC.
Play episode from 02:22
Transcript
