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Led by BlackRock, several major asset managers, such as Fidelity, Invesco, WisdomTree and VanEck, recently filed applications for exchange traded products that invest directly in bitcoin, and named Coinbase as their partner for an important surveillance sharing agreement in their filings.
The U.S. Securities and Exchange Commission has approved several bitcoinBTCUSD futures-based ETFs in the past, but has yet to greenlight anything that is backed by bitcoin itself.
The…
