© Reuters.

BlackRock (NYSE:) has filed an application for a spot exchange traded fund (ETF). The investment company is the world’s largest and it would be the first crypto spot ETF in the United States, if it receives approval.

According to a filling by the Nasdaq stock exchange with the U.S. Securities and Exchange Commission (SEC), Coinbase (NASDAQ:) Custody Trust Company would be the custodian of the fund’s Bitcoin holdings and Bank of New York Mellon (NYSE:) would custody its fiat. BlackRock’s iShares Bitcoin Trust would be traded as Commodity-Based Trust Shares.