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International Business Times
International Business Times
Business
Nica Osorio

BlackRock Alters Coinbase's Role In Proposed Crypto Investment Vehicle

BlackRock Coinbase Bitcoin iShares Bitcoin Trust Crypto ETF Trust

KEY POINTS

  • BlackRock's latest S-1 filing is the mention of iShares Bitcoin Trust's market ticker IBIT for the first time
  • The biggest alteration in BlackRock's latest spot Bitcoin ETF S-1 amendment is the shift from the in-kind model to a cash creation and redemption model
  • Bitcoin was trading in the green zone at $42,586.36 as of 12:31 p.m. ET on Tuesday

New York-based investment giant BlackRock submitted its amended spot Bitcoin exchange-traded fund (ETF) registration Monday, revealing several changes, including the alterations on the role of Coinbase–one of the world's largest centralized crypto exchange platforms by trading volume– in its proposed crypto investment vehicle.

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