A K33 Research report said SEC approvals for spot Bitcoin ETFs in January are likely “nailed on” amid a flurry of updated S-1 filings from issuers like BlackRock.
The United States Securities and Exchange Commission (SEC) is on track to sanction spot Bitcoin ETFs in early January following progressive talks with issuers over the preferred redemption model for these investment vehicles, according to K33 Research.
Cash creation is not the most efficient structure, but the filers’ updates are a further signal in favor of ETF approvals in the next three weeks.
– K33 research report
Dec. 18 saw a pivot to this cash creates structure from several issuers, including BlackRock and WisdomTree, which both submitted amended applications with the SEC. The updates left the door open for in-kind redemptions should America’s securities watchdog decide to greenlight this alternative.
crypto.news, however, reported that the SEC is…
