BlackRock files for bitcoin ETF in push into crypto

BlackRock, the world’s biggest asset manager, has filed an application with the US SEC for a bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust. The cryptocurrency asset class has been under regulatory scrutiny, however, an ETF could provide investors with access to bitcoin without owning it directly. The SEC has yet to approve any applications for spot bitcoin ETFs. BlackRock previously launched a spot bitcoin trust for institutional clients in the US. The largest cryptocurrency closed up 2% after the announcement.