🌐Blackrock's In-Kind Model for Bitcoin ETF🌐
Date: Dec 01, 2023
Author: Ansar Iqbal
👉Meeting Dynamics
Discussions with the #SEC focus on Blackrock's spot bitcoin ETF and concerns about balance sheet impacts and redemption risks.
👉The Revised In-Kind Model
Blackrock proposes a "revised in-kind" model, emphasizing advantages like lower costs, reduced execution risks, and resistance to manipulation.
👉SEC's Cash Model Preference
Despite Blackrock's proposal, the SEC leans toward the cash model, sparking ongoing discussions between the parties.
👉Regulatory Landscape and Speculation
SEC Chair Gensler reviews multiple spot bitcoin ETF applications, fueling speculation about potential approvals in the coming months.
👉The Pivotal Question
Will the SEC approve #BlackRock's ETF with the in-kind model? The answer carries significant implications for cryptocurrency investments.
✍️Share Your Insights
Share your thoughts on Blackrock's proposal and the SEC's stance in the comments. The regulatory dialogue shapes the future of cryptocurrency investments.
