BlackRock meets with the US Securities and Exchange Commission.
A meeting in which Wall Street regulatory officials met with the world's largest fund manager was shared on Twitter. Finally, a memo from the SEC revealed The meeting focused on the fundamentals of how the investment vehicle works and whether the “in-kind redemption model” or “cash-in” is better for investors.
In the world of ETFs, the “in-kind” model offers investors a redemption other than cash — such as a payout in securities — to investors who leave the fund. The “cash in” model allows investors to receive cash.
News came out earlier today that Grayscale Investments We also met with the SEC above the bid to change Grayscale Bitcoin Trust (GBTC) To one place Bitcoin ETF.
BlackRock, which manages $9 trillion in assets; presented For the iShares Bitcoin Trust in June, Sending The biggest cryptocurrency price through the market cap and ETF analysts hit the market in January, prompting them to play with confidence in the long-awaited crypto investment vehicle.
Buying and storing bitcoins can be complicated for people who are not very tech savvy. Place Bitcoin ETF It allows ordinary investors who want exposure to cryptocurrency to buy stocks that track the value of the asset.
The first Bitcoin ETF application was filed over a decade ago, but the SEC has always refused to approve one.
A High-profile Wall Street no Companies have filed with the SEC to release their own Bitcoin ETFs to investors.
ETFs that provide exposure to the price movement of Bitcoin- or Ethereum-futures contracts have been approved by states.
Edited by Ryan Ozawa.
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