BlockFi Files for Spot Bitcoin ETF with Neuberger Berman Group

  • BlockFi information with the SEC for a spot bitcoin ETF.
  • The BlockFi NB Bitcoin ETF would purchase and maintain precise bitcoin by means of an undisclosed custodian.
  • The providing sprung from a collaboration between the lending platform and Neuberger Berman Group, a $400 billion funding supervisor.

Lending platform BlockFi filed right now with the U.S. Securities and Exchange Commission (SEC) for providing a spot bitcoin exchange-traded fund (ETF) within the nation. The BlockFi NB Bitcoin ETF would trade on the New York Stock Exchange and maintain precise BTC, however the third get together that may function the fund’s custodian was not disclosed.

“The trust’s investment objective is for the shares to reflect the performance of bitcoins held by the trust, less the trust’s expenses and other liabilities,” according to the submitting. “The trust will not seek to reflect the performance of any benchmark or index. In seeking to achieve its investment objective, the trust will hold bitcoin.”

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