BlackRock and ARK Invest Update Bitcoin ETF Filings to Comply with SEC's Cash-Only Demand
- 5 months ago
Major applicants for a spot Bitcoin ETF in the US like BlackRock and Cathie Wood's ARK Invest have updated their filings with the SEC to comply with the SEC's demand for a cash-only model for creations and redemptions. The amendments relate to using a cash creation and redemption model for proposed spot Bitcoin ETFs, with BlackRock and ARK accepting cash redemptions rather than in-kind redemptions involving Bitcoin.