Bloomberg Analyst: SEC communicated with exchanges this week regarding spot Bitcoin ETF19b-4 filing
Bloomberg ETF analyst Eric Balchunas stated on X platform that the SEC's trading and market division had discussions with the exchange this week regarding the bitcoin ETF 19b-4s, suggesting that the ETF should use cash creation (rather than physical creation) and requiring the exchange to make modifications in the coming weeks.
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U.S. spot bitcoin ETFs reported a total daily outflow of $438 million on Monday.Monday’s net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.Meanwhile, bitcoin has retraced some of its gains over the past few days, now trading at around $94,500.
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