Gate News bot message, BlackRock’s $2 billion iShares Bitcoin ETF could potentially expand into Bitcoin lending activities, according to Bloomberg’s latest report.
The lending initiative remains at an exploratory stage and has not been formalized. The company has submitted its plans to the Securities and Exchange Commission for review. The filing outlines that “the Trust may, from time to time, participate in lending its bitcoin.”
Any decision to proceed with Bitcoin lending would require authorization from the Trust’s board and prior notification to shareholders, as stated in the regulatory documents.
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BlackRock Bitcoin Lending Strategy Under Consideration
Gate News bot message, BlackRock’s $2 billion iShares Bitcoin ETF could potentially expand into Bitcoin lending activities, according to Bloomberg’s latest report.
The lending initiative remains at an exploratory stage and has not been formalized. The company has submitted its plans to the Securities and Exchange Commission for review. The filing outlines that “the Trust may, from time to time, participate in lending its bitcoin.”
Any decision to proceed with Bitcoin lending would require authorization from the Trust’s board and prior notification to shareholders, as stated in the regulatory documents.