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International Business Times

Business

Nica Osorio

SEC Reportedly Calls Every Bitcoin ETF Issuer To Either Amend Application With 'Cash Creates' Or Wait

SEC Bitcoin ETF Cathie Wood Eric Balchunas United States Charles Gasparino SECGov

Single bitcoin with gold reflection on top of background of scattered U.S. 100 dollar bills. (Credit: QuoteInspector.com/flickr)

KEY POINTS

The SEC is still pushing for the cash creation and redemption model on spot Bitcoin ETFs
The regulator is reportedly concerned that the in-kind model would be used for money-laundering
It was earlier reported that SEC had a "rare joint conference" with spot Bitcoin ETF hopefuls

With the deadline to decide on spot Bitcoin exchange-traded funds (ETF) just a few weeks away, the U.S. Securities and Exchange Commission (SEC) has reportedly called every applicant and offered them two choices: amend their filings by including cash creation and redemption model or else wait.

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