Guess what? 💡 BlackRock, the world's largest asset manager, is on the brink of filing an application for a Bitcoin ETF! 📄💼 They're teaming up with Coinbase Custody 🤝💻 for the ETF and will use the crypto exchange’s spot market data for pricing. 📈🔢

This isn't out of the blue. BlackRock and Coinbase started collaborating to make crypto directly accessible to big institutional investors just last year. 💰🏦

However, there's a bit of a mystery here. 🕵️‍♂️🔍 It's not clear yet whether the ETF will be spot or futures based. We're all waiting to hear more from BlackRock. ⏳🎧

Don't forget though, the U.S. Securities and Exchange Commission (SEC) 🏛️, has been playing hard to get with these ETFs. They've rejected every application for a spot bitcoin ETF so far, but they have given the green light to several bitcoin futures ETFs for trading. 🚦📉

https://twitter.com/deitaone/status/1669331287264428032?s=46&t=dDSguoP-jcr-9ki0lJqC-A