BlackRock Revamps Spot Bitcoin ETF Proposal Ahead of Rumors of SEC Approvals – CoinDesk
On Monday, BlackRock (BLK) filed a revised proposal for a spot Bitcoin (BTC) exchange-traded fund (ETF) in an attempt to appease regulators, which is likely to boost its chances of getting a first-of-its-kind approval in the US Under the updated proposal, BlackRock’s ETF will have cash creation and redemption mechanisms, the model preferred by the … [Read more…]