BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say

BlackRock's $BLK spot bitcoin ETF proposal sparked some confusion among industry experts as to whether the company was applying for an ETF or a trust with properties similar to $GBTC HeleneBraunn reports

Exchange Traded Fund terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions.with the U.S. Securities and Exchange Commission for creation of the iShares Bitcoin Trust.

In this sense, Acheson noted, the iShares product is nothing like GBTC, which has no redemption mechanism. “The market hears ‘trust’ and thinks it will be like GBTC with no redemptions, but that's not the case here,” Acheson said.

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