According to a recent report by K33 Research, the approval of spot Bitcoin Exchange-Traded Funds (ETFs) seems highly probable for January. The application updates indicate that the filers have agreed to a cash-creation setup ahead of the January 10th deadline. Yesterday, BlackRock filed an amended S-1 with the Securities and Exchange Commission, proposing a new cash redemption model, which is reportedly favored by the SEC. However, the possibility of an “in-kind” process remains, pending regulatory approval.
