According to Business Insider 9 Yue 6 -day reports, Coinbase planned in the Wall Street investment management giant BlackRock ( BlackRock to create an encryption-based currency exchange-traded funds (the help of) the ETF ).
According to informed sources, Coinbase with 6 billion dollars of asset management company BlackRock blockchain working group had ” dialogue”. According to reports, the proposed cryptographic ETF is designed to allow retail investors to enter the unstable encryption market. At the same time, the report pointed out that “ it is not clear whether the talks are a one-off or part of the ongoing dialogue between Coinbase and BlackRock. ”
Coinbase announced in August that it would reduce the annual management fee for “ all new and old investors ”of the index fund from 2 % to 1 %. Coinbase said the move was aimed at “ helping to introduce a new approach ”that would allow institutional investors to enter the cryptocurrency sector.
On August 22, the US Securities and Exchange Commission SEC )rejected applications from nine independent ETFssubmitted by three applicants. However, 8 Yue 23 Ri, SEC issued a statement, said it would review all before 9 ZhiETF ‘s decision .
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