BlackRock Amends Bitcoin ETF Prospectus, Acknowledges Fierce Competition - Decrypt
decrypt.co/202385/blackrock-amends-bitcoin-etf-acknowledges-fierce-competition
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Notable changes in BlackRock’s new filing include acknowledgment of the competition in the race for Bitcoin ETF approval, as well as detailed explanations on the product’s pricing and reporting mechanisms.
The world’s largest asset manager filed its first spot Bitcoin application under the title iShares Bitcoin Trust on June 15, 2023.
Yesterday’s filing reads that “There can be no assurance that the Trust will achieve initial market acceptance and scale due to competition.”
The other significant difference in the new filling is in the pricing details of the ETF in the periodic financial statements filed by BlackRock.
BlackRock is the third applicant to file an amended spot Bitcoin filing within a week following Ark Invest and Fidelity.
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