BlackRock close to filing for a bitcoin ETF: Report

BlackRock is close to filing an application for a bitcoin exchange-traded fund (ETF), CoinDesk reported on Thursday, citing a person familiar with the matter.

The world’s largest asset manager will be using Coinbase Custody – an offline storage solution for digital assets – for the ETF, and the crypto exchange’s spot market data for pricing, the report added.

BlackRock did not immediately respond to a Reuters request for comment on the matter.