The United States Securities and Exchange Commission (SEC) has delayed an application for a Bitcoin (BTC) exchange-traded fund from global asset manager BlackRock (NYSE:BLK).
BlackRock, a firm with more than $8.5 trillion in assets under management, had a decision on its iShares Bitcoin Trust delayed following an application with the SEC. In June, BlackRock lodged an application for a BTC-backed ETF with Coinbase (NASDAQ:COIN) listed as the planned custodian of the fund’s Bitcoin holdings and the Bank of New York Mellon (NYSE:BK) in charge of its fiat accounts.