More traditional finance players are entering the spot Bitcoin ETF realm — albeit not yet as issuers — after the successful launches of such products. Goldman Sachs is among the new slate of authorized participants named for BlackRock’s iShares Bitcoin Trust (IBIT), according to a Thursday regulatory filing.
The world’s largest asset manager also named UBS Securities, Citigroup Global Markets, Citadel Securities and ABN AMRO Clearing USA as authorized participants, the disclosure notes.
More traditional finance players are entering the spot bitcoin ETF realm — albeit not yet as issuers — after the successful launches of such products. Goldman Sachs is among the new slate of authorized participants named for BlackRock’s iShares Bitcoin Trust (IBIT), according to a Thursday regulatory filing. The world’s largest asset manager also named UBS Securities, Citigroup Global Markets, Citadel Securities and ABN AMRO Clearing USA as authorized participants, the disclosure notes.
The disclosure comes after the BlackRock fund has seen nearly three months of consistent net inflows. IBIT has tallied more than $14 billion of net inflows since hitting the market — nearly double that of the category’s second-highest flow gatherer: the Fidelity Wise Origin Bitcoin Fund (FBTC). Additional authorized participants may be added at any time, BlackRock said in both filings.
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