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Last week, the SEC reportedly called every applicant and offered them two choices: amend their filings by including cash creation and redemption model or else wait.
“The industry has prepared people’s minds to think of your success in terms of numbers. This is a clash with my style and belief as an Alté artiste.”
The idea of batch approvals was first mentioned by ARK's Cathie Wood in August. She said the SEC might approve multiple BTC ETF filings simultaneously, but not within the expected deadline.
Here's a Sarasota spin on the food-oriented Festivus episodes seen during the lifespan of "Seinfeld."
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The US Securities & Exchange Commission (SEC) has been meeting with institutions that have applied for spot Bitcoin exchange-traded fund (ETFs) approval.