News Formal

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

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Animoca Brands Courts $50M Investment From Saudi Arabia's NEOMJamie Crawley is a CoinDesk news reporter based in London.
Source: CoinDesk - 🏆 291. / 63 Read more »