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The SEC prefers that proposed Bitcoin spot funds be paid in cash and is asking potential issuers to amend their filings. This was reported by ETF market analyst at Bloomberg Eric Balchunas.
“This is not unexpected, but a good sign,” the expert noted.
In his opinion, this approach of the regulator simplifies the work of broker-dealers who cannot directly interact with cryptocurrency and are forced to create additional structures or resort to third-party services. The Commission's request means that it is moving towards approval of the Bitcoin ETF, choosing the paths that are comfortable for itself, Balciunas added.
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