BlackRock will be using Coinbase (COIN) Custody for the ETF and the crypto exchange’s spot market data for pricing, the person said. Coinbase declined to comment.
BlackRock began working with Coinbase to make crypto directly available to institutional investors midway through last year.
It wasn't clear if the ETF will be spot or futures. BlackRock did not immediately respond to requests for comment.
UPDATE (June 15, 13:09 UTC): Updates to say Coinbase decline to comment.
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