{"id":364129,"date":"2021-11-08T22:26:58","date_gmt":"2021-11-08T19:26:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/breaking-blockfi-files-for-physically-backed-bitcoin-etf\/"},"modified":"2021-11-08T22:26:58","modified_gmt":"2021-11-08T19:26:58","slug":"breaking-blockfi-files-for-physically-backed-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/breaking-blockfi-files-for-physically-backed-bitcoin-etf\/","title":{"rendered":"# BREAKING: BlockFi files for physically-backed Bitcoin ETF"},"content":{"rendered":"<p>&#8220;<strong># BREAKING: BlockFi files for physically-backed Bitcoin ETF   <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMmU3MWQyZGEtMDZlOS00MzQ4LWJjMWUtMGNhNTk5ZTA0ZDc5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Cryptocurrency lending firm BlockFi has filed paperwork with the United States Securities and Exchange Commission, or SEC, to launch a physically-backed Bitcoin exchange-traded fund, kicking off what&#8217;s expected to be a big week for the crypto markets<\/p>\n<p>The Form S-1 filing for BlockFi NB Bitcoin ETF was submitted to the SEC on Nov. 8, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001853419\/000092963821001329\/s1.htm\">according<\/a> to official documents. The filing states that BlockFi will serve as custodian and that the ETF\u2019s investment objective is to reflect the underlying performance of Bitcoin as opposed to any futures or derivatives benchmark. <\/p>\n<p>The filing further states that the \u201cTrust will not purchase or sell bitcoin directly, although the Trust may direct the Custodian to sell bitcoin to pay certain expenses.\u201d <\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of the ETF listing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/1457778617170075650\">circulated<\/a> on Crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> amid speculation that the SEC may be nearing its first physical Bitcoin ETF <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval as early as this week. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BlockFi has filed with the SEC to launch a spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/2F1s0D1N3W\">pic.twitter.com\/2F1s0D1N3W<\/a><\/p>\n<p>\u2014 Dylan LeClair  (@DylanLeClair_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/1457778617170075650?ref_src=twsrc%5Etfw\">November 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAs Bloomberg\u2019s James Seyffart <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JSeyff\/status\/1457782369142788101\">noted<\/a>, the SEC\u2019s decision on the highly anticipated VanEck spot Bitcoin ETF is due on Nov. 14. \u201cIt will be either approval or denial from SEC,\u201d he said, which means \u201cno more delays.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Here&#8217;s the current list of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and Crypto ETF filings with the SEC. Next big date is still 11\/14\/21 for VanEck&#8217;s spot Bitcoin ETF. It will be either approval or denial from SEC &#8212; no more delays. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Z8phpVlsOK\">https:\/\/t.co\/Z8phpVlsOK<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/g9ayoibmQN\">pic.twitter.com\/g9ayoibmQN<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JSeyff\/status\/1457782369142788101?ref_src=twsrc%5Etfw\">November 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Why now? SEC took eight years to authorize a Bitcoin ETF in the US<\/em><\/strong><\/p>\n<p>Last month, the U.S. securities regulator approved ProShares&#8217; Bitcoin Strategy ETF, the country\u2019s first BTC exchange-traded fund. However, the approval came with a caveat \u2014 the fund\u2019s price is linked to BTC futures as opposed to the spot price. Shortly after approving the ProShares fund, the SEC gave the green light to Valkyrie\u2019s Bitcoin Strategy ETF, which is another futures-based product.<\/p>\n<p>While the futures-based ETFs weren\u2019t what Bitcoin purists were looking for, they have proven remarkably popular among investors. As Cointelegraph reported, ProShares\u2019 ETF debuted with the highest-ever first-day natural volume of over $1 billion. By the end of October, institutional managers had purchased more than $2 billion worth of Bitcoin products during the month, largely thanks to the ETF approvals. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/breaking-blockfi-files-for-physically-backed-bitcoin-etf\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# BREAKING: BlockFi files for physically-backed Bitcoin ETF &#8221; Cryptocurrency lending firm BlockFi has filed paperwork with the United States Securities and Exchange Commission, or SEC, to launch a physically-backed Bitcoin exchange-traded fund, kicking off what&#8217;s expected to be a big week for the crypto markets The Form S-1 filing for BlockFi NB Bitcoin ETF&#8230;<\/p>\n","protected":false},"author":1,"featured_media":364130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMmU3MWQyZGEtMDZlOS00MzQ4LWJjMWUtMGNhNTk5ZTA0ZDc5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74972,75849,74898],"class_list":["post-364129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-futures","tag-etf","tag-sec"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=364129"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/364130"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=364129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=364129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=364129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}