BlackRock Inc. has refiled paperwork with US regulators through Nasdaq to add new details to its proposal for a exchange-traded fund that invests directly in Bitcoin.
The exchange on Monday submitted new documents with the US Securities and Exchange Commission to indicate that Coinbase Global Inc. will provide market surveillance in support of the proposed ETF from the world’s largest asset manager. The move came after the regulatory agency had said that initial filings by issuers were deemed to be insufficient and lacked necessary information.
A number of other companies had last week made their applications more specific as well, with Fidelity Investments, Invesco, VanEck, 21Shares and WisdomTree all amending their proposals.
Read the full story on Bloomberg here.