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👀 BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model Filed on Dec. 18, the S-1 amendments relate to th…
👀 BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model
Filed on Dec. 18, the S-1 amendments relate to the cash creation and redemption model for proposed spot Bitcoin ETFs, with BlackRock and ARK accepting the cash redemption system rather than in-kind redemptions, which imply non-monetary payments like $BTC.