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