BlackRock expands IBIT's Authorized Participants, adding Goldman Sachs, Citadel, ABN AMRO, Citigroup, and UBS.
BlackRock, the world's largest asset manager, has expanded its network of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The latest prospectus reveals the addition of five financial entities, including Goldman Sachs, Citadel Securities, ABN AMRO Clearing, Citigroup Global Markets, and UBS Securities, bringing the total number of APs to nine. This expansion is anticipated to bolster IBIT's liquidity and investor reach significantly.
April 05, 2024
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