The post BlackRock and SEC Continue Discussions Over Bitcoin ETF Structure appeared first on Coinpedia Fintech News
In a recent development, BlackRock, the world’s largest asset manager, has once again met with the Securities and Exchange Commission’s (SEC) Trading & Markets division to discuss the structure of its proposed spot Bitcoin Exchange-Traded Fund (ETF), as reported by Bloomberg ETF analyst Eric Balchunas.
Looks like BlackRock met with the SEC’s Trading & Markets division again yesterday and gave presented them with a „revised” in-kind model design based on Staff’s comments at their 11/20 meeting.. h/t @btcNLNico here’s full doc: https://t.co/sgOpY5D1jz pic.twitter.com/863pWOX6w0
— Eric Balchunas (@EricBalchunas) November 29, 2023
The initial meeting between BlackRock and the SEC a week ago centered around the choice between using an “in-kind” redemption model or a cash model for the ETF. The SEC had recommended that applicants for spot Bitcoin ETFs use ca
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