As spot Bitcoin exchange-traded fund (ETF) issuers iron out details of their filings with the U.S. securities regulator, it appears that the SEC is steadfast in demanding a “cash” redemption model rather than alternative model proposed by other issuers, such as BlackRock.
On Dec. 14 finance lawyer Scott Johnsson said that ETF applicant Invesco has become the latest to bend the knee to using a cash creation and redemption model for its ETF.
I think everyone is gonna have to bend the knee to cash creates and redeems. https://t.co/1z9HknHyAG
— James Seyffart (@JSeyff) December 13, 2023
“The trust expects that creation and redemption transactions will take place initially in…
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