SEC insists on cash redemption model for Bitcoin ETFs amid industry buzz

The United States Securities and Exchange Commission (SEC) is maintaining its stance on requiring Bitcoin exchange-traded fund (ETF) issuers to use a “cash” redemption model for their creations and redemptions.  This decision comes despite alternative proposals, including one from BlackRock, that suggest an “in-kind” model. As the cryptocurrency community eagerly awaits the approval of Bitcoin... source: https://www.cryptopolitan.com/sec-insists-on-cash-redemption-model-for/