According to a new report from K33 Research, the ETF is expected to be approved in January as Spot Bitcoin ETF applicants accept the cash creation protocol.
As the decision date approaches, it continues to be an exciting time for spot Bitcoin ETFs in the crypto industry. K33 Research’s latest report, “Implementation Update,” suggests that immediate approval for a Bitcoin ETF in January appears “certain” as applicants agree to funding deals.
BlackRock’s Quest for Flexibility
The report also states that BlackRock, the world’s largest asset manager, wants to adopt the in-kind repayment model to increase flexibility in portfolio management. However, the US Securities and Exchange Commission (SEC) is said to want a cash model where, when BlackRock removes Bitcoin from storage, it would return the money to investors and sell it immediately.
K33 Analistlerinin Değerlendirmesi
“Cash generation is not the most efficient structure, but the filers’ updates are another signal in favor of ETF approvals in the next three weeks.”
Finally, data from institutional investors on the Chicago Mercantile Exchange also shows that these investors continued their upward trend ahead of the Spot Bitcoin ETF decision
