BlackRock’s Canada Bitcoin ETF opens securities lending: More yield, new risks?
PositiveCryptocurrency

BlackRock's Canadian division has taken a significant step by allowing securities lending for its iShares Bitcoin ETF, starting August 25. This move, which follows a 60-day notice to investors, is designed to enhance revenue opportunities for the fund. By engaging in lending transactions as outlined in their June prospectus, BlackRock is not only increasing potential yields for investors but also navigating the complexities of Canadian securities laws. This development is noteworthy as it reflects the growing acceptance and integration of cryptocurrency into traditional finance.
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