{"id":28755,"date":"2024-04-05T14:35:31","date_gmt":"2024-04-05T14:35:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrock-adds-goldman-sachs-citi-and-ubs-as-aps-for-its-spot-bitcoin-etf\/"},"modified":"2024-04-05T14:35:31","modified_gmt":"2024-04-05T14:35:31","slug":"blackrock-adds-goldman-sachs-citi-and-ubs-as-aps-for-its-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrock-adds-goldman-sachs-citi-and-ubs-as-aps-for-its-spot-bitcoin-etf\/","title":{"rendered":"BlackRock adds Goldman Sachs, Citi and UBS as APs for its spot Bitcoin ETF"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/blackrock-logo-on-office-building-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/blackrock-logo-on-office-building-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/blackrock-logo-on-office-building-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/blackrock-logo-on-office-building-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">BlackRock has updated its Authorized Participants (APs) list amid huge traction for spot Bitcoin ETFs.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Goldman Sachs, Citadel, Citigroup, UBS and ABN AMRO join Jane Street Capital, JP Morgan, Virtu andMacquarie as APs for BlackRock\u2019s IBIT.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">BlackRock just updated its spot Bitcoin ETF prospectus, adding five new Authorized Participants (APs). <\/span><\/p>\n<p><span style=\"font-weight: 400\">Those to make the new list of APs for the world\u2019s largest asset manager\u2019s iShares Bitcoin Trust (IBIT) ETF are Wall Street giants Goldman Sachs, Citadel and Citigroup.<\/span><\/p>\n<p><span style=\"font-weight: 400\">UBS Securities and ABN AMRO Clearing are also added, according to <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1980994\/000143774924011116\/bit20240314_posam.htm\" target=\"_blank\" rel=\"noopener\">details<\/a> in the prospectus.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With this, BlackRock, whose IBIT has stormed to billions of dollars\u2019 worth of Bitcoin (BTC) holdings for its ETF, has pushed its APs total from just four to nine.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Wall Street\u2019s embrace of Bitcoin continues<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Initially, BlackRock named JP Morgan, Jane Street Capital, Virtu Americas and Macquarie as its authorized participants. This expansion comes amid expected spike in inflows as <a href=\"https:\/\/coinjournal.net\/news\/wealth-manager-cetera-picks-4-spot-bitcoin-etfs-for-its-advisors\/\">more people seek exposure to BTC<\/a>, the world\u2019s largest cryptocurrency by market cap.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Bloomberg ETF analyst Eric Balchunas, Goldman Sachs, Citigroup and the other APs entry suggests \u201cbig time firms now want piece of action.\u201d It also indicates that these companies are now open to \u201cbeing publicly associated with\u201d Bitcoin spot ETFs, he <\/span><a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1776229982559223971\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">added<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cUp until now Citi, GS, UBS and Citadel were not named in any of these ETF filings. So they either new OR they were ashamed before to be ID-ed but are now cool. Either way, likely a result of the ETFs\u2019 mega-flows\/success,\u201d Balchunas<\/span><a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1776231263759716464\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400\">opined via a post on X<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts have noted that one catalyst to the sharp spike in BTC price has been US Security and Exchange Commission (SEC)\u2019s approval of several spot Bitcoin ETFs in January. <\/span><\/p>\n<p><span style=\"font-weight: 400\">For instance, <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">Bitcoin ETFs<\/a> traded more than $111 billion in March, nearly three times trades recorded in February and January.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Elsewhere, the regulatory nod added to the global trend in renewed mainstream adoption of crypto, with demand for more investment assets seeing BlackRock and other firms <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-move-towards-ethereum-etf-spurs-crypto-market-surge\/\">file proposals for spot Ethereum ETFs<\/a>.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/blackrock-adds-goldman-sachs-citi-and-ubs-as-aps-for-its-spot-bitcoin-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) BlackRock has updated its Authorized Participants (APs) list amid huge traction for spot Bitcoin ETFs. Goldman Sachs, Citadel, Citigroup, UBS and ABN AMRO join Jane Street Capital, JP Morgan, Virtu andMacquarie as APs for BlackRock\u2019s IBIT. BlackRock just updated its [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28755"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28755"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28756"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}