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International Business Times
International Business Times
Business
Nica Osorio

SEC's First Wave Of Bitcoin ETF Approval Hinted At In Invesco's Updated S-1 Form, Says Analyst

SEC Bitcoin Invesco ETF BlackRock Eric Balchunas James Seyffart Bitwise Bloomberg Intelligence
Photo of a Bitcoin and an Ethereum coin on weathered wood in the sun. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • The SEC reportedly instructed spot Bitcoin ETF issuers last month to amend their proposals and use cash creations
  • Invesco, like with Bitwise, amended its spot BTC ETF proposal to use cash creations
  • BlackRock has already met with some SEC officials to push for the in-kind redemption model

American investment management company Invesco has submitted its updated S-1 form, and an analyst said it may contain a clue about what the U.S. Securities and Exchange Commission (SEC) wants for the first batch of approved spot Bitcoin exchange-traded fund (ETF).

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