TechFlow reported, citing three sources, that over the past few weeks, firms vying for spot Bitcoin ETFs have been engaging with the U.S. Securities and Exchange Commission (SEC) on a range of issues. These include which model to use, naming authorized participants, and how to manage hard forks and airdrops. Grayscale adopted the creation and redemption model preferred by the SEC during its meetings with the regulator and agreed to disclose authorized participants publicly.
In addition, concerns regarding hard forks have also been addressed. Nevertheless, the outcome of these discussions does not indicate whether the SEC will ultimately approve a spot Bitcoin ETF.
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