Analyzing BlackRock’s Choice of Authorized Participants for Bitcoin ETF

BlackRock Names JPMorgan and Jane Street as Authorized Participants for its BTC ETF Bid

BlackRock, the largest asset management firm in the world, has announced that it has named banking giant JPMorgan and trading firm Jane Street as authorized participants (APs) for its spot market Bitcoin (BTC) exchange-traded fund (ETF) bid. This development was revealed in the company’s updated S-1 filing to the U.S. Securities and Exchange Commission (SEC), which is the form for the initial registration of new securities.