The U.S. SEC requires Bitcoin spot ETF issuers to confirm authorized participant information in the next update application
On December 23rd, ETF analyst Eric Balchunas from Bloomberg posted on social media that the latest snapshot of his ETF Cointucky Derby added a "AP Protocol" column because the SEC hopes that AP (Authorized Participants, i.e. underwriters) information can be confirmed in the next S-1 update (within the next 10 days). This step is not easy and may prevent some issuers from obtaining approval. But "confirming the AP protocol" along with "cash creation" may be equal to "getting approval".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
Arbitrum and Azuki’s anime-focused crypto project revealed its tokenomics on Sunday, which allocates 50.5% of total supply to the community.Other communities, including Hyperliquid and Kaito, are also set to receive part of the supply.The token is scheduled to launch this month.
Former Fed Vice Chairman: Tariffs may lead to Fed rate cuts to some extent
Analysis: Under neutral expectations, a single Azuki NFT can receive an airdrop worth $40,700
Trending news
MoreCrypto prices
More
