Premium Only Content

November 23, 2023
BlackRock, the world's largest asset manager, met with the U.S. Securities and Exchange Commission (SEC) on Monday to discuss its application for a Bitcoin spot exchange-traded fund (ETF), according to Bloomberg cryptocurrency analyst James Seyffart. Seyffart shared some slides from the meeting on Twitter, revealing that BlackRock is opting for an “in-kind” process for its Bitcoin ETF rather than a cash-based one. This means authorized participants will deliver and receive Bitcoin directly, rather than using cash to buy and sell the underlying asset. Seyffart explained that this system would be the “cleanest” method for both BlackRock and its investors because it would avoid the risks of price slippage and tax consequences associated with cash transactions. Bloomberg analyst Eric Balchunas revealed another sub-scenario in this ongoing process. “While BlackRock and ARK are standing firm on the “in-kind” process (because it is better for investors in terms of spreads and taxes), Balchunas said, the SEC has said that if you want to go to market with the first batch, you need an “in-cash” process (to prevent people from using unregistered brokers). “It is being talked about,” he said.
Click the link below to purchase the classic Ultimate Crypto Money Engine (Be a Professional Trader) https://selar.co/p/q3jl?affiliate=4ap9
-
7:32:11
SpartakusLIVE
8 hours ago#1 Action HERO ends your weekend in a FIERY BLAZE of non-stop GLORY
84.1K5 -
2:34:20
vivafrei
16 hours agoEp. 257: More ROGUE Judges! More Deportations! Candace v. RFK Jr.? Wisconsin Election & MORE!
170K399 -
2:27:35
Nerdrotic
9 hours ago $21.92 earnedGobekli Tepe Coverup, Pyramid Structures w/ Jimmy Corsetti & Wandering Wolf | Forbidden Frontier 096
64.7K27 -
54:17
Man in America
14 hours ago50 MILLION Illegals: The TIME BOMB Threatening to Destroy America w/ J.J. Carrell
42.9K47 -
1:09:13
Tundra Tactical
6 hours ago $3.91 earnedThe Worlds Okayest Gun Live Stream
35.1K3 -
4:01:56
The Sufari Hub
7 hours ago🔴ELDEN RING MODDED - ROAD TO #1 GAMER ON RUMBLE - #RumbleGaming
46.2K -
4:23:35
thatsnotkyle
6 hours agoPUBG | Chicken Dinners
48.5K2 -
54:47
Sarah Westall
10 hours agoTranshumanism vs Natural Human Zones, AI consciousness and the Hive Mind Future w/ Joe Allen
80.8K33 -
4:29:06
Joke65
8 hours ago[LIVE] The Sunday Surprise! | Testing Halo Star Wars Mods!
59.7K -
3:09:00
MaverickLIVE
7 hours agoFirst Rumble Stream!
51.3K2