BlockFi Files for Spot Bitcoin ETF with Neuberger Berman Group


  • BlockFi files with the SEC for a spot bitcoin ETF.
  • The BlockFi NB Bitcoin ETF would buy and hold actual bitcoin through an undisclosed custodian.
  • The offering sprung from a collaboration between the lending platform and Neuberger Berman Group, a $400 billion investment manager.

Lending platform BlockFi filed today with the U.S. Securities and Exchange Commission (SEC) for offering a spot bitcoin exchange-traded fund (ETF) in the country. The BlockFi NB Bitcoin ETF would trade on the New York Stock Exchange and hold actual BTC, but the third party that would serve as the fund’s custodian was not disclosed.

“The trust’s investment objective is for the shares to reflect the performance of bitcoins held by the trust, less the trust’s expenses and other liabilities,” according to the filing. “The trust will not seek to reflect the performance of any benchmark or index. In seeking to achieve its investment objective, the trust will hold bitcoin.”




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