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TechFlow reports, according to a public filing, Bloomberg analyst James Seyffart stated that Swiss asset management firm Pando Asset has resubmitted its amended S-1 form for a spot Bitcoin ETF to the U.S. SEC.
James Seyffart noted that while the document mentions "a cash-based structure may be necessary," it still retains language allowing for "in-kind" creation and redemption.
According to a public filing, Bloomberg analyst James Seyffart said that Swiss asset management firm Pando Asset has resubmitted its amended S-1 form for a spot Bitcoin ETF to the U.S. SEC. James Seyffart noted that while the document states "a cash-based structure may be required," it still retains language allowing for "in-kind" creation and redemption.
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