BlackRock, the world’s largest asset manager, has made a significant move by adding five more Authorized Participants (APs) for its spot Bitcoin Exchange-Traded Fund (ETF), IBIT. This expansion doubles the total number of APs for BlackRock Bitcoin ETF from four to nine, signaling growing interest from major financial institutions in participating in the Bitcoin market.

Enhancing IBIT’s Liquidity and Accessibility

The latest update to the prospectus reveals the addition of five new APs, including ABN AMRO Clearing USA LLC, Citadel Securities LLC, Citigroup Global Markets, Inc., Goldman Sachs & Co. LLC, and UBS Securities LLC.

The roster of existing APs, as outlined in the previous…

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