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International Business Times
International Business Times
Business
Nica Osorio

SEC Reportedly Concerned Bitcoin ETF In-Kind Model Would Be Used For Money Laundering

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

KEY POINTS

  • The SEC prefers the cash creation and redemption model
  • BlackRock and ARK have caved in to SEC's instruction
  • ETF analysts says the in-kind model benefits investors the most

The U.S. Securities and Exchange Commission is reportedly concerned that spot Bitcoin exchange-traded funds (ETF) using in-kind creation and redemption model would be used for money laundering.

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