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International Business Times
International Business Times
Business
Nica Osorio

Bitcoin ETF News: Wall Street Giants BlackRock, Fidelity Try To Iron Out Redemption Details With SEC

Bitcoin SEC ETF BlackRock Fidelity Eric Balchunas
Bitcoin on laptop keyboard with red-lit keys and screen reflection. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • SEC memos revealed that the SEC had met with several spot Bitcoin ETF applicants
  • The deadline to release a decision on the first batch of spot Bitcoin ETF applications is Jan. 10
  • Bitcoin was trading in the red zone at $41,519.42 in the early hours of Tuesday

Wall Street giants BlackRock and Fidelity have met with the U.S. Securities and Exchange Commission to iron out technical details concerning the redemption model of their spot Bitcoin exchange-traded fund (ETF) filings.

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