BlackRock, Valkyrie Name Official Participants Into Bitcoin ETF, Including JPMorgan

BlackRock is the first applicant to announce who will acquire Bitcoin on its behalf, as BlackRock cannot legally purchase the cryptocurrency itself. The asset manager worked with JP Morgan and quantitative trading firm Jane Street, the filing shows. Valkyrie also named Jane Street as AP in addition to Cantor Fitzgerald, another filing shows. Many ETF issuers are likely to have multiple authorized participants.