BlackRock Revises Spot Bitcoin ETF to Allow Easier Access to Banks

black rock said THE new ETFs model offers "superior resistance" has walk handling — something THE SECOND has long used as A reason has dismiss place Bitcoin ETF.

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black rock has amended It is place Bitcoin (BTC) exchange traded funds (ETF) application has TO DO he Easier For Wall Street banks has participate by create new actions In THE funds with species, instead that just crypto.

THE new in nature redemption “prepay” model, will allow banking giants such as J.P. Morgan Or Golden Man Sachs has act as allowed participants For THE funds — allowing them has circumvent restrictions that prevent them Since holding Bitcoin Or crypto directly on their balance leaves.

THE new model was present by six members of black rock And three Since NASDAQ In A Nov. 28 meeting with THE United States Securities Exchange Commissions.

If approved, THE move could be A game changer For Wall Street banks with trillion dollars balance leaves look has get implied, as a lot very regulated banks are not able has socket Bitcoin themselves.

Below THE amended model, AP would be transfer species has A broker-dealer, which SO converts THE species In Bitcoin Before he East stored by THE AND F jail supplier, which East Coinbase Jail In BlackRock case.

THE new structure Also works by shift risk far Since AP And placement he more In THE hands of walk creators.

BlackRock amended in nature redemption model present has THE SECOND on Nov. 28. Source: SEC

black rock said THE new model Also offers "superior resistance has walk handling" — which has has been A of THE primary the reasons that THE SECOND has