BlackRock, the world’s largest asset manager with more than $8.5 trillion assets under management, has filed for a Bitcoin Trust, not ETF. The official SEC filing confirms. The shares of this Bitcoin trust tracks the price of Bitcoin from spot market. According to the filing made by iShares, the shares of this Bitcoin trust is redeemable.

But, what is the difference between ETF and Trust (in general)?

The main difference between a Bitcoin spot ETF and a Bitcoin trust lies in their structure and ...