BlackRock updates Bitcoin ETF, adds 5 Wall Street firms

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BlackRock updated its Bitcoin ETF prospectus on April 5, adding five big Wall Street firms as new authorized participants.

Global asset manager BlackRock updated its Bitcoin exchange-traded fund prospectus on April 5, adding five big Wall Street firms as new authorized participants.

New members include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities, according to the document amending BlackRock’s S-1 registration statement with the Securities and Exchange Commission.as they can create and redeem shares of the ETF, which involves exchanging ETF shares for a corresponding basket of securities that reflect the ETF’s holdings or exchanging them for cash.

 

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