Prime

Bitcoin ETF

Spot

James

<ul class="news-points"> 
 <li>BlackRock has appointed a Prime Execution Agent to buy and sell Bitcoins on behalf of the platform.</li> 
 <li>Bloomberg analyst James Seyffart commented that the SEC might not be comfortable with the Prime Execution Agent.</li> 
 <li>The analyst also added that Bitwise was the first ETF filer to change to a Cash-Only model.</li> 
</ul> 
Investment firm BlackRock has appointed a ‘Prime Execution Agent’ or a third-party broker to buy and sell Bitcoins while the community anticipates a nearing Spot <a href="https://coinedition.com/tag/Bitcoin-ETF/">Bitcoin ETF</a> launch. In a recent X post, James Seyffart, a senior analyst at Bloomberg, shared insights on the least possibility for the SEC to approve BlackRock’s third-party interference, as they are allegedly less “comfortable” with the interference of a Prime Execution Agent. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="546" height="833" src="https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF.png" alt="" class="wp-image-356648" srcset="https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF.png 546w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-197x300.png 197w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-380x580.png 380w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-58x89.png 58w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-292x445.png 292w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-162x247.png 162w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-157x240.png 157w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-108x165.png 108w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-138x211.png 138w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-46x70.png 46w, https://coinedition.com/wp-content/uploads/2023/12/BlackRock-Bitcoin-ETF-49x75.png 49w" sizes="(max-width: 546px) 100vw, 546px">
 <figcaption class="wp-element-caption">
 <a href="https://twitter.com/JSeyff/status/1737958464612184204" target="_blank" rel="nofollow">BlackRock Bitcoin ETF</a>
 </figcaption>
 </figure>
</div> 
According to the BlackRock proceedings, the cash deposits will be held by the Cash Custodian or the Prime Execution Agent on behalf of BlackRock. Though the company hasn’t mentioned the name of the Prime Execution Agent, previously, when BlackRock <a href="https://coinedition.com/blackrock-bitcoin-etf-filing-receives-praise-from-crypto-expert/">filed</a> an ETF application, it announced <a href="https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm" target="_blank" rel="nofollow">Coinbase as its custodian</a>. 
Reports<a href="https://coinedition.com/analyst-reports-a-positive-development-in-bitcoin-spot-etfs/"> suggested</a> that the regulators had been in discussion with the crypto …
The post <a href="https://coinedition.com/will-sec-approve-blackrocks-prime-agent-execution-appointment/">Will SEC Approve BlackRock’s Prime Agent Execution Appointment?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Will SEC Approve BlackRock’s Prime Agent Execution Appointment?

Coin Edition

Other articles published on Dec 22, 2023

Gaming Crypto Tokens Face Ban in China’s GAPP Proposed Rules

Litecoin surpasses 200 million transactions

eTukTuk is Drawing Investor Attention From the Crypto Market and Outside – Next Crypto to Go 10X?

Solana DEX surpasses Ethereum in transaction volume in one week

US PCE Inflation: Here’s Why Bitcoin & Crypto Market Rising Today Ahead Key Data

Whampoa Digital and Wemade in strategic for US$100 million Web3 Fund and digital asset initiative...

Join our free newsletter for daily crypto updates!