Sources: SEC requires issuers to create spot Bitcoin ETFs with cash and remove all hints of physical redemptions from documents
By:Cointime
Fox Business reporter Eleanor Terrett stated on X platform that sources have revealed to her that the SEC is holding joint conference calls with potential issuers to ensure that their physically-backed Bitcoin ETF products are cash-settled. The SEC also requires applicants to remove all references to physical redemption from their filings.
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