Despite the U.S. Securities and Exchange Commission's (SEC) history of rejecting similar proposals, BlackRock's iShares division has submitted an application to establish a Bitcoin (BTC) spot ETF. The proposed iShares Bitcoin Trust will primarily consist of Bitcoin held by a custodian on behalf of the Trust, with Coinbase named as the custodian in the filing.
Block (NYSE: SQ), the payments company led by Jack Dorsey, has announced the launch of an open beta program for its self-custodial Bitcoin wallet, Bitkey. This move marks a significant step in Block's ongoing efforts to enhance Bitcoin's accessibility and usability.
New York Attorney General Letitia James has announced a settlement with CoinEx, a Hong Kong-based virtual currency trading platform. CoinEx, which was sued by the state earlier this year, has agreed to refund nearly 5,000 New York investors a total of $1.2 million and pay over $600,000 in penalties.
Top stories in the Crypto Roundup today:
- BlackRock's iShares Submits Application for Bitcoin Spot ETF
- Jack Dorsey's Block Bitcoin Wallet Opens Beta
- Hong Kong-Based Trading Platform CoinEx Settles with New York AG