BlackRock revised spot Bitcoin ETF to make it easier for banks.

in hive-103599 •  last year  (edited)

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Source: Cointelegraph

Take a look at this diagram 🤔 It's amazing! 🤯 You know, the SEC(Securities Exchange and Commission) has been repeatedly denied all spot Bitcoin ETF(Exchange Traded Fund) applications due to market manipulation.

This revised in-kind redemption model enables easier access for Wall street banks such as Goldman Sachs and JPMorgan without holding cryptos directly on their balance sheets.

BlackRock met with the SEC for the third time. It seems that the time when spot BTC ETF applications will be approved is coming.

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  ·  last year 

I kinda can say that bitcoin for me by fatr is a great mystery and i don't know who i can trust and from whom i can acquire info about it. As someone says that it's kinda voilatile while others say that it is ok, and i will groq up eventually so i can completely freely invest my money into it. It is also good that i have found a way to actually learn something and use Crypto Tools and have access to many research sites. It makes my life kinda easier you know. We will see how everything will end eventually

  ·  last year Reveal Comment