Big market makers are in talks with BlackRock to provide liquidity for its proposed spot bitcoin ETF: CoinDesk

📆 31/10/2023 21:33:00
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Big trading firms may provide liquidity for BlackRock's spot bitcoin ETF if it obtains regulatory approval, according to CoinDesk.

Big trading firms are in talks to provide liquidity for BlackRock's proposed spot bitcoin exchange-traded fund if it obtains regulatory approval, according to reporting from CoinDesk.

Market makers are necessary for ETFs in providing liquidity, matching buyers and sellers, and aiding in creating and redeeming those ETF shares. Virtu and Jane Street wrote in support of a separate proposal for a spot bitcoin ETF this past summer. "The bitcoin ecosystem is sufficiently robust to support a US-listed ETP," Jane Street wrote in a comment letter on Grayscale's proposal for its product.

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Animoca Brands Courts $50M Investment From Saudi Arabia's NEOMJamie Crawley is a CoinDesk news reporter based in London.
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