Sources: SEC requires issuers to create spot Bitcoin ETFs with cash and remove all hints of physical redemptions from documents
Fox Business reporter Eleanor Terrett stated on X platform that sources have revealed to her that the SEC is holding joint conference calls with potential issuers to ensure that their physically-backed Bitcoin ETF products are cash-settled. The SEC also requires applicants to remove all references to physical redemption from their filings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
