BlackRock submitted an amended prospectus for its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC) yesterday.

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.

The asset manager refiled in July shortly after to include a surveillance sharing agreement with its custodian Coinbase and Nasdaq.

BlackRock’s ETF latest changes

Yesterday’s filing reads that “There can be no assurance that the Trust will achieve initial market acceptance and scale due to competition.”

Currently, BlackRock is in the race with at

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Author: Nivesh Rustgi

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