The following is an excerpt from today’s Global Newsletter.
The high-stakes poker game of crypto regulation just leveled up.
Asset management behemoth BlackRock doubled down on crypto Thursday by filing an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust. Oh, and they listed Coinbase as the bitcoin custodian in the filing. Daaaaayum.
Your move, Gary.
It may have been easy for Gensler to say no to Grayscale, but BlackRock is another beast altogether.
I wouldn’t be surprised to see, “Go ahead, call our bluff,” written somewhere in the filing.
Whether BlackRock truly plans to go ahead with this plan if approved is not the most interesting aspect of this story, that would be the SEC’s response.
We’ll get our lawn chair and bag of popcorn ready.
Featured
 USA |
| BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian By Jesse Pound The firm filed an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust. |
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