It has been just revealed the fact that the Galaxy Digital CEO addressed the spot Bitcoin ETF. Check out what’s new about the approval below.
Spot Bitcoin ETF
Check out the following video that shows you exactly what you need to hear:
JUST IN: Galaxy Digital CEO and spot #Bitcoin ETF applicant says "we're going to get this ETF before January 10." 👀
— Bitcoin Magazine (@BitcoinMagazine) December 19, 2023
Someone commented: “Exciting news! If Galaxy Digital CEO is confident about obtaining the Bitcoin ETF before January 10, it will be interesting to see how this development impacts the crypto market and investor sentiment. Keep an eye on updates in the coming days!”
It has been just revealed the fact that the spot Bitcoin ETF applicant Bitwise has unveiled a new Bitcoin ETF commercial. You can watch it below.
Here’s the commercial revealed via X social media platform:
JUST IN: 🇺🇸 Spot #Bitcoin ETF applicant Bitwise releases new Bitcoin ETF commercial 👀
— Bitcoin Magazine (@BitcoinMagazine) December 18, 2023
While educating the world on Bitcoin, they’re also advertising themselves. Nice touch, we have to admit.
While the commercial aims to familiarize a wider audience with the concept of a spot #Bitcoin ETF, it is also helping garner support for their application.@nikcantmine with more:https://t.co/1UTeWZjUax
— Bitcoin Magazine (@BitcoinMagazine) December 18, 2023
BlackRock has recently proposed a bitcoin ETF that will be traded on the stock exchange. The ticker for this ETF is IBIT.
On Monday, an amended S-1 filing was submitted to the Securities and Exchange Commission (SEC), which included new language about the creation and redemption mechanism of the fund. This mechanism has been a topic of discussion between BlackRock and SEC officials.
The updated filing indicates that the fund may use a cash redemption model, which is preferred by the SEC. However, the fund may also use an “in-kind” process, subject to regulatory approval.
