• BlackRock has appointed a Prime Execution Agent to buy and sell Bitcoins on behalf of the platform.
• Bloomberg analyst James Seyffart commented that the SEC might not be comfortable with the Prime Execution Agent.
• The analyst also added that Bitwise was the first ETF filer to change to a Cash-Only model.

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 Bitcoin ETF 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.

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 filed an ETF application, it announced Coinbase as its custodian.

Reports suggested that the regulators had been in discussion with the crypto …

The post Will SEC Approve BlackRock’s Prime Agent Execution Appointment? appeared first on Coin Edition.

• BlackRock has appointed a Prime Execution Agent to buy and sell Bitcoins on behalf of the platform.
• Bloomberg analyst James Seyffart commented that the SEC might not be comfortable with the Prime Execution Agent.
• The analyst also added that Bitwise was the first ETF filer to change to a Cash-Only model.

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 Bitcoin ETF 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.

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 filed an ETF application, it announced Coinbase as its custodian.

Reports suggested that the regulators had been in discussion with the crypto …

The post Will SEC Approve BlackRock’s Prime Agent Execution Appointment? appeared first on Coin Edition.