BlackRock Makes a Move That Could Start a New Era in Bitcoin: ETF Application Filed with the SEC! Here’s What the New ETF Is For!
Photo: Bitcoin Sistemi
BlackRock, the world's largest asset manager, has filed a new application with the SEC amid ongoing uncertainty surrounding Bitcoin and altcoins. According to The Block, BlackRock has applied to the SEC for a new Bitcoin ETF aimed at mitigating the risk of declines and profiting to some extent from price increases. Accordingly, the fund, planned to be launched under the name iShares Bitcoin Managed Protection ETF, aims to offer investors Bitcoin-related returns while limiting losses. Access Bitcoin via IBIT!
Also reported by U.Today.
Source: Bitcoin Sistemi
