BlackRock Revises Spot Bitcoin ETF Proposal, Crypto Prices will Sky Rocket
Channel: Falak Sher - Starlink
Date: 2023-12-20

On Monday, BlackRock (BLK) filed a revised spot bitcoin (BTC) exchange-traded fund (ETF) proposal in a bid to appease regulators, likely boosting its odds of securing a first-of-its-kind approval in the U.S.
Under the updated proposal, BlackRock’s ETF will feature cash creation and redemption mechanisms, the model favored by the Securities and Exchange Commission (SEC). The world’s largest asset manager is the latest of several firms to update its proposal amid speculation the SEC could approve a swath of spot bitcoin ETF applications as early as January.

By Elizabeth Napolitano

https://www.coindesk.com/markets/2023/12/19/blackrock-revises-spot-bitcoin-etf-proposal-ahead-of-rumored-sec-approvals/