EddieJayonCrypto

 20 Dec 23

tl;dr

:BlackRock has made a strategic move in gaining approval from the US Securities and Exchange Commission (SEC) by revising its proposed spot Bitcoin exchange-traded fund (ETF) to allow cash redemptions. This flexibility, subject to regulatory approval, could also extend to Bitcoin exchanges in the fu...

BlackRock has made a strategic move in gaining approval from the US Securities and Exchange Commission (SEC) by revising its proposed spot Bitcoin exchange-traded fund (ETF) to allow cash redemptions.

This flexibility, subject to regulatory approval, could also extend to Bitcoin exchanges in the future. Industry analysts Eric Balchunas and Vance Herwood have highlighted the importance of this update, while interactions between BlackRock and the US SEC suggest an intensified effort to navigate the regulatory landscape to approve spot Bitcoin ETFs.

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