Crypto Lender BlockFi One Step Closer to Bitcoin Trust
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1 February
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Cryptocurrency-focused non-bank lender BlockFi has submitted documents for its own Bitcoin Trust with the US Securities and Exchange Commission (SEC).

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If and when the lender will receive an approval, the trust might eventually become a competitor to that of Grayscale Investments' one, which currently hodls 648.47K BTC (~$21.5 billion). Details of the trust remain unknown.

Earlier in January, BlockFi announced the launch of its own over-the-counter (OTC) trading desk for institutional and ultra-high net worth investors. Traders of the OTC will be located in the US and Asia with 24/7 support and BlockFi itself will act as an execution partner.

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BlockFi will allow its clients to trade with the desk the following assets: bitcoin (EXANTE: Bitcoin), ether (ETH), litecoin (LTC) and others. BlockFi CEO and Co-Founder, Zac Prince, said institutional clients are "already using many of these BlockFi services independently, and have noted the benefits of having a one-stop destination for their digital asset trading and financing needs."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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