{"id":67114,"date":"2023-12-18T22:40:26","date_gmt":"2023-12-19T02:40:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67114"},"modified":"2023-12-18T22:40:29","modified_gmt":"2023-12-19T02:40:29","slug":"blackrock-amends-ishares-bitcoin-trust-filing-for-sec-spot-etf","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blackrock-amends-ishares-bitcoin-trust-filing-for-sec-spot-etf\/","title":{"rendered":"BlackRock Amends iShares Bitcoin Trust Filing For SEC Spot ETF"},"content":{"rendered":"\n

On December 18, 2023, BlackRock amended the form S-1 for its iShares Bitcoin Trust in pursuit of a spot Bitcoin ETF filing<\/a> with the SEC.<\/p>\n\n\n\n

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BlackRock Amends iShares Bitcoin Trust Filing For SEC Spot ETF<\/figcaption><\/figure>\n\n\n\n

Blackrock, an investment manager, amended Form S-1 for its iShares Bitcoin Trust \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>on Monday, December 18, 2023, as part of its filing with the U.S. Securities and Exchange Commission (SEC) regarding its spot Bitcoin ETF.<\/p>\n\n\n\n

Cash Redemption Vs In-Kind Bitcoin ETF Model<\/h2>\n\n\n\n

The impasse concerning the approval of spot Bitcoin ETFs revolves around the redemption model that underpins the ETFs' operations. With this intent, Blackrock amended its Form S-1 in its most recent filing. <\/p>\n\n\n\n

The investment manager failed to confirm the “in-kind” redemptions portion for SEC approval in the filing but did confirm the currency redemption system. It stated:<\/p>\n\n\n\n

\n
\n
\n

\u201cThese transactions will take place in exchange for cash. Subject to the In-Kind regulatory approval, these transactions may also take place in exchange for Bitcoin.\u201d<\/em><\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

Whether the US SEC<\/use><\/svg><\/span><\/a> would ultimately sanction the cash redemption model before or after the Bitcoin ETF's formal approval is still being determined.<\/p>\n","protected":false},"excerpt":{"rendered":"

On December 18, 2023, BlackRock amended the form S-1 for its iShares Bitcoin Trust in pursuit of a spot Bitcoin ETF filing with the SEC. Blackrock, an investment manager, amended Form S-1 for its iShares Bitcoin Trust on Monday, December 18, 2023, as part of its filing with the U.S. Securities and Exchange Commission (SEC) […]<\/p>\n","protected":false},"author":53,"featured_media":67116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[6175,17607,6749,14861],"class_list":["post-67114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-etf-2","tag-bkackrock","tag-ishares-etf","tag-us-sec-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/CV.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67114"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/67116"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}