BlackRock Spot Bitcoin ETF Now Has 5 New Authorized Participants
Key Points:
- BlackRock spot Bitcoin ETF broadened with major banks like Goldman Sachs and UBS.
- An expanded participant list enhances liquidity and accessibility for investors.
- March sees a surge in spot Bitcoin ETF trading, with BlackRock’s IBIT leading the market.
BlackRock, the world’s largest asset manager, has expanded its spot Bitcoin exchange-traded fund (ETF), IBIT, by updating its list of Authorized Participants (APs).
Read more: Best Bitcoin ETFs To Buy In 2024
BlackRock Spot Bitcoin ETF Enhanced with Major Banking Partners
The updated prospectus reveals the addition of five new APs, including ABN AMRO Clearing USA LLC, Citadel Securities LLC, Citigroup Global Markets, Inc., Goldman Sachs & Co. LLC, and UBS Securities LLC, bringing the total number of APs to nine.
BlackRock spot Bitcoin ETF, which has been active since January 10, 2024, enables investors to access Bitcoin exposure without directly owning the digital assets. Authorized Participants play a crucial role in the creation and redemption of ETF shares, enhancing liquidity and accessibility for investors.
The inclusion of major financial institutions like Goldman Sachs and Citigroup underscores the increasing mainstream acceptance of Bitcoin and the demand for regulated investment avenues in digital assets.
Previously listed APs included Jane Street Capital, LLC, JPMorgan Securities LLC, Macquarie Capital (USA) Inc., and Virtu Americas LLC. The prospectus indicates the potential for additional APs at the Sponsor’s discretion.
IBIT Leads as Spot Bitcoin ETF Trading Soars
Spot Bitcoin ETFs experienced a significant surge in trading volume in March, reaching $111 billion, nearly tripling February’s volume. According to Bloomberg ETF analyst Eric Balchunas, BlackRock spot Bitcoin ETF leads in trading volume, followed by Grayscale’s GBTC and Fidelity’s FBTC.
The robust performance in March reinforces the growing interest in spot Bitcoin ETFs, further solidifying BlackRock’s dominance in the ETF market share.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
BlackRock Spot Bitcoin ETF Now Has 5 New Authorized Participants
Key Points:
- BlackRock spot Bitcoin ETF broadened with major banks like Goldman Sachs and UBS.
- An expanded participant list enhances liquidity and accessibility for investors.
- March sees a surge in spot Bitcoin ETF trading, with BlackRock’s IBIT leading the market.
BlackRock, the world’s largest asset manager, has expanded its spot Bitcoin exchange-traded fund (ETF), IBIT, by updating its list of Authorized Participants (APs).
Read more: Best Bitcoin ETFs To Buy In 2024
BlackRock Spot Bitcoin ETF Enhanced with Major Banking Partners
The updated prospectus reveals the addition of five new APs, including ABN AMRO Clearing USA LLC, Citadel Securities LLC, Citigroup Global Markets, Inc., Goldman Sachs & Co. LLC, and UBS Securities LLC, bringing the total number of APs to nine.
BlackRock spot Bitcoin ETF, which has been active since January 10, 2024, enables investors to access Bitcoin exposure without directly owning the digital assets. Authorized Participants play a crucial role in the creation and redemption of ETF shares, enhancing liquidity and accessibility for investors.
The inclusion of major financial institutions like Goldman Sachs and Citigroup underscores the increasing mainstream acceptance of Bitcoin and the demand for regulated investment avenues in digital assets.
Previously listed APs included Jane Street Capital, LLC, JPMorgan Securities LLC, Macquarie Capital (USA) Inc., and Virtu Americas LLC. The prospectus indicates the potential for additional APs at the Sponsor’s discretion.
IBIT Leads as Spot Bitcoin ETF Trading Soars
Spot Bitcoin ETFs experienced a significant surge in trading volume in March, reaching $111 billion, nearly tripling February’s volume. According to Bloomberg ETF analyst Eric Balchunas, BlackRock spot Bitcoin ETF leads in trading volume, followed by Grayscale’s GBTC and Fidelity’s FBTC.
The robust performance in March reinforces the growing interest in spot Bitcoin ETFs, further solidifying BlackRock’s dominance in the ETF market share.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations
Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals
Press Release
Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals
Ripple (XRP) And Cardano (ADA) Flash Bearish Indicators, WallitIQ (WLTQ) Flashes 6,000% Bullish Indicator
