The largest cryptocurrency rose more than 1.3% in the hour after the announcement. Source
Tag: iShares
BlackRock's iShares Files Paperwork for Spot Bitcoin ETF
The SEC has rejected numerous attempts by other fund companies to launch a spot bitcoin ETF. Original
BlackRock iShares Exec Says Firm Has ‘No Current Plans’ to Launch Crypto ETFs: Report
BlackRock global head of iShares and index investments, Salim Ramji, said in an interview the $9.5 trillion firm has “no current plans” to launch cryptocurrency exchange traded funds (ETFs). “I personally think crypto – things like stablecoins and certainly things like distributed ledger technologies are a disruptive technology,” Ramji told the Financial News in an interview. However, Ramji, who sits on BlackRock’s global executive committee, also said the asset manager is holding back on launching cryptocurrency ETFs due to the “opaque” regulatory framework and liquidity concerns. In May, BlackRock CEO…