BlackRock and SEC agree on redemption model for future Bitcoin spot ETF
BlackRock and the SEC have clarified the language regarding the mechanism for the creation and redemption of a spot Bitcoin ETF, which will be used by the fund if approved by the regulator. According to updates to the S-1 filing on the future mechanism for the creation and redemption of a Bitcoin spot ETF, the US Securities and Exchange Commission (SEC) and one of the world’s largest investment funds BlackRock have reached an interim agreement…
