Editor's PiCK
US SEC Extends Review Period for BlackRock Bitcoin (BTC) Spot ETF 'Spot Redemption'
JH Kim
Summary
- The United States Securities and Exchange Commission (SEC) has reportedly delayed the decision on whether to allow spot redemption for BlackRock's Bitcoin (BTC) Spot ETF.
- The SEC stated that it had allowed cash redemption when the Bitcoin Spot ETF was approved last year.
- Due to this decision delay, investors will have to wait longer for the final approval of BlackRock's Spot ETF.
According to The Block, a cryptocurrency-focused media outlet, on the 13th (local time), the United States Securities and Exchange Commission (SEC) has delayed the final decision on whether to allow spot redemption for BlackRock's Bitcoin (BTC) Spot ETF (IBIT).
Previously, when the Bitcoin Spot ETF was approved in January last year, the SEC had allowed cash redemption.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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