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International Business Times

Business

Nica Osorio

Will SEC Budge? BlackRock Presents Revised Bitcoin ETF In-Kind Model To Address Regulator's Concerns

SEC BlackRock Bitcoin ETF James Seyffart Eric Balchunas Scott Johnson Bloomberg Intelligence

KEY POINTS

BlackRock met with the SEC on Nov. 20 and discussed its proposed in-kind model for its Bitcoin ETF application
The New York-based investment giant met with the SEC again on Tuesday
It presented a revised proposal for the in-kind model

BlackRock has once again met with the U.S. Securities and Exchange Commission (SEC) officials and revised its spot Bitcoin exchange-traded fund prospectus. The New York-based multinational investment company maintained its position for in-kind creations and redemptions.

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