Bitcoin ETF

Bitcoin

The world's largest asset manager, BlackRock, is making strategic changes to its proposed <a href="https://optimisus.com/market/market-news/blackrock-warns-the-us-sec-about-bitcoins-potential-classification-as-a-security/">Bitcoin ETF</a>, IBIT, in order to align with the SEC's preferences.   
BlackRock revealed its shift to a cash-only strategy for the <a href="https://optimisus.com/news/crypto-news/blackrock-submits-spot-ethereum-etf-filing-to-sec/">ETF</a> in a recent update to its SEC filing on December 18th, a move seen as an effort to comply with SEC requirements and streamline operations.   
The decision to accept cash rather than Bitcoin for new ETF shares stems from discussions with the SEC. To mitigate the risks associated with Bitcoin, the SEC has indicated a preference for a cash-only approach.   
BlackRock's update follows a broader industry trend in which other investment firms such as ARK Invest, 21Shares, and Wisdomtree have also amended their Bitcoin ETF filings.   
The adoption of ETF strategies by major industry players is fostering optimism in the crypto community, raising hopes for the potential approval of Bitcoin ETFs.   
BlackRock's decision to align with the SEC's preferences highlights the ongoing efforts to navigate regulatory requirements and facilitate traditional financial institutions' entry into the cryptocurrency space. 
The post <a href="https://optimisus.com/market/market-news/blackrock-is-making-strategic-changes-to-its-proposed-bitcoin-etf-to-align-with-the-secs-preferences/">BlackRock is making strategic changes to its proposed Bitcoin ETF to align with the SEC’s preferences</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

BlackRock is making strategic changes to its proposed Bitcoin ETF to align with the SEC’s preferences

Optimisus

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