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Blog

BlockFi, Neuberger Berman File for Spot Bitcoin ETF

A joint venture between crypto lender BlockFi and investment management firm Neuberger Berman filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission.

  • Notably, the BlockFi NB Bitcoin ETF would offer shares reflecting the spot value of bitcoin held by the trust.

  • Shares issued by the trust would trade on the New York Stock Exchange and provide direct exposure to the leading cryptocurrency by market capitalization.

  • The filing differs from a filing BlockFi made last month to offer a bitcoin futures ETF, which would only invest in futures contracts traded on the CME.

  • ProShares was the first ETF shop to launch a bitcoin-linked ETF for U.S. investors.

This story is developing and will be updated.

Kevin Reynolds is CoinDesk’s global news editor. He owns bitcoin, ether, polygon and solana.

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