Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
BlackRock has significantly expanded its Bitcoin ETF, IBIT, by adding five major Wall Street firms as authorized participants, increasing the total number of APs to nine. These firms include Goldman Sachs, Citadel, UBS, Citigroup, and ABN AMRO. This move marks a significant shift in the financial industry, with some of the largest banks in the U.S. now participating in BlackRock's Bitcoin ETFs. The addition of these new authorized participants is expected to enhance the liquidity of IBIT. This development indicates a growing acceptance and eagerness among big financial institutions to be associated with Bitcoin and cryptocurrency investments.
BlackRock names Citi, Citadel, Goldman Sachs as bitcoin buyers for its ETF https://t.co/jOYkBCkPCe
BlackRock updated its Bitcoin ETF prospectus, adding five big Wall Street firms as new authorized participants. Including: Citadel, Goldman Sachs, UBS, Citigroup Takeaway: big time firms now want piece of action and/or are now OK being publicly associated w this. https://t.co/hBtsvt67AH
BlackRock updated its Bitcoin ETF prospectus, adding five big Wall Street firms as new authorized participants. Including: Citadel, Goldman Sachs, UBS, Citigroup Takeaway: big time firms now want piece of action and/or are now OK being publicly associated w this. -… https://t.co/PbJWsFzggN
