"Market Makers Collaborate with BlackRock for Bitcoin ETF Liquidity as Ethereum Gains Momentum"

Big trading firms, including Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading, are reportedly in talks with BlackRock to provide liquidity for its proposed spot bitcoin exchange-traded fund (ETF) if it receives regulatory approval. Market makers play a crucial role in providing liquidity for ETFs by matching buyers and sellers and creating and redeeming ETF shares. The approval of a spot bitcoin ETF is eagerly awaited, with Bitcoin's value surging recently due to speculation surrounding BlackRock's ETF.