TechFlow news: Grayscale's Chief Legal Officer Craig Salm stated on X that during the BTC ETF approval process, the SEC discussed details with issuers regarding creation/redemption procedures, cash versus in-kind, APs, LPs, custody, and other matters.
All these issues have been resolved. The only difference between a BTC ETF and an ETH ETF is that the latter holds Ethereum instead of Bitcoin. Therefore, in many respects, the U.S. Securities and Exchange Commission (SEC) has already been involved, requiring significantly less work from issuers this time around.
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