TechFlow, May 14 — According to The Block, the U.S. Securities and Exchange Commission (SEC) is seeking public comments on BlackRock's in-kind redemption model for its spot Bitcoin ETF. Previously, the SEC favored a cash redemption approach, requiring BlackRock to sell stored bitcoins and return cash proceeds to investors.
On Tuesday, the agency also postponed decisions on Grayscale Litecoin Trust and Grayscale Solana Trust proposals, while soliciting public input. Additionally, the SEC sought public comments on Tuesday regarding the 21Shares Dogecoin ETF.
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