BlockFi, Neuberger Berman File for Spot Bitcoin ETF

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A three way partnership between crypto lender BlockFi and funding administration agency Neuberger Berman filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission.

  • Notably, the BlockFi NB Bitcoin ETF would provide shares reflecting the spot worth of bitcoin held by the belief.
  • Shares issued by the belief would commerce on the New York Stock Exchange and supply direct publicity to the main cryptocurrency.
  • The submitting differs from a submitting BlockFi made final month to supply a bitcoin futures ETF, which might solely spend money on futures contracts traded on the CME.
  • ProfessionalShares was the primary ETF store to launch a bitcoin-linked ETF for U.S. buyers.

This story is growing and will probably be up to date.