Posted 11/30/2023, 12:47:11 AM
Pando Applies for Bitcoin ETF But Faces Uphill Battle Against Tighter Competition
- Pando Asset becomes 13th company to apply for a spot Bitcoin ETF in the US
- Comes late in the application cycle, raising questions about its viability
- BlackRock met with SEC to update its ETF application to address earlier concerns
- BlackRock revised its redemption model to keep broker-dealers from directly handling Bitcoin
- Bloomberg analysts predict multiple Bitcoin ETF approvals on January 10th, but doubt Pando will be among them