SEC discusses matters related to the listing of spot Bitcoin ETF with BlackRock and Grayscale
According to PANews, the U.S. Securities and Exchange Commission (SEC) published two memos on its official website, officially confirming discussions with BlackRock and Grayscale on matters related to the listing of spot Bitcoin ETFs. A memorandum shows that the SEC has discussed with Grayscale on November 20, Eastern Time, on the proposed rule changes for the listing and trading of the Grayscale Bitcoin ETF; another memo shows that on the same day, the SEC and the world’s largest asset management company Bei Ryder also held a meeting to discuss proposed rule changes for the listing and trading of the iShares Bitcoin Trust ETF. The memo also attached a two-page PPT content produced by BlackRock, showing two ETF redemption methods: In-Kind Redemption Model or In-Cash Redemption Model
According to PANews, the U.S. Securities and Exchange Commission (SEC) published two memos on its official website, officially confirming discussions with BlackRock and Grayscale on matters related to the listing of spot Bitcoin ETFs. A memorandum shows that the SEC has discussed with Grayscale on November 20, Eastern Time, on the proposed rule changes for the listing and trading of the Grayscale Bitcoin ETF; another memo shows that on the same day, the SEC and the world’s largest asset management company Bei Ryder also held a meeting to discuss proposed rule changes for the listing and trading of the iShares Bitcoin Trust ETF. The memo also attached a two-page PPT content produced by BlackRock, showing two ETF redemption methods: In-Kind Redemption Model or In-Cash Redemption Model