SEC in Productive Bitcoin ETF Talks with Grayscale, BlackRock; Approval Could Come Despite Risk Disclosures
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SEC having productive talks with Bitcoin ETF applicants Grayscale and BlackRock, suggested by recent amendments to their applications
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BlackRock filing specifies risks like hacking, outages, and illegal activity could lead to suspension of share redemptions
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Filing details how share price would be determined using CME's Bitcoin Real Time Index, updated every 15 seconds
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Bitwise has changed name of its proposed fund from "Bitwise Bitcoin ETP Trust" to "Bitwise Bitcoin ETF"
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Even without an SEC Bitcoin ETF approval yet, investors pouring money into crypto exchange-traded products, nearly $2 billion in last 3 months