BlackRock, the world’s largest asset manager, is reportedly planning to provide seed funding for its iShares spot Bitcoin exchange-traded fund (ETF). This funding would involve BlackRock purchasing a certain amount of Bitcoin to kickstart the fund. While the exact date and amount of funding have not been confirmed, recent filings suggest that the contribution could happen in October. The fact that BlackRock, along with other firms, has included surveillance-sharing agreements with Coinbase in their ETF proposals may increase the chances of approval. However, it’s important to note that the U.S. Securities and Exchange Commission has not yet approved any Bitcoin ETFs. The next significant deadline for a decision on an ETF application is set for January 2024.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	Eric Balchunas
Companies	Coinbase, Bloomberg, U.S. Securities and Exchange Commission, Depository Trust & Clearing Corporation, BlackRock
Currencies	Bitcoin
Securities	None