Posted 12/31/2023, 5:56:12 PM
BlackRock Flexes Muscle, Names JPMorgan and Jane Street to Back Bitcoin ETF Bid
- BlackRock names JPMorgan and Jane Street as authorized participants for its spot Bitcoin ETF bid
- Authorized participants can create and redeem shares of an ETF
- Naming authorized participants is seen as a power flex by BlackRock
- Other Bitcoin ETF hopefuls like Valkyrie, Fidelity, and WisdomTree have also named authorized participants
- Bitcoin spot ETFs face an SEC decision deadline in January 2024