Bloomberg ETF analyst James Seyffart believes that BlackRock recently met with some officials from the United States SEC on its spot Bitcoin ETF application.
SEC Engaging Stakeholders on BTC Spot ETF Push
There has been news about the United States Securities and Exchange Commission having conversations with exchanges over the much-anticipated launch of spot Bitcoin ETF. The focus of the discussions is on the choice of cash model summary or “in-kind” redemption model for the impending ETF offering.
According to popular analyst Eric Balchunas, “Hearing chatter SEC’s Trading & Markets engaged with exchanges this week on spot bitcoin ETF 19b-4s, is advising them they’d like the ETFs to do cash creates (vs in-kind), and has asked them to get in amendments in next couple weeks.”
In a recent tweet, Seyffart highlighted that prominent investment asset management firm BlackRock seems to prefer “in-kind” to “cash create” for its iShares Bitcoin Trust ETF. The analy
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