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International Business Times
International Business Times
Business
Nica Osorio

BlackRock Could Be 'The First Horse' At The 'Starting Gate' Of Bitcoin ETF: Analyst

BlackRock Bitcoin ETF Eric Balchunas SEC Bloomberg Intelligence

KEY POINTS

  • BlackRock revealed it is seeding its iShares Bitcoin ETF (IBIT) on January 3
  • The asset nvestment giant named its authorized participants (AP) last Friday
  • Balchunas noted that BlackRock could be "the first horse" at the "starting gate" with its latest S-1 filing

New York-based investment giant BlackRock could Be the "first horse" at the "starting gate" of Bitcoin exchange-traded fund (ETF) race, according to Eric Balchunas, the senior ETF analyst at Bloomberg Intelligence.

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