Analysis Today TheBitTimes.com

Representatives from the U.S. Securities and Exchange Commission also met with Grayscale on Nov. 20 in the asset manager’s bid for listing a Bitcoin ETF. Representatives from BlackRock and the Nasdaq met with the United States Securities and Exchange Commission to discuss the proposed rule allowing the listing of a spot Bitcoin (BTC) exchange-traded fund, or ETF. According to a Nov. 20 SEC memo, BlackRock provided a presentation detailing how the firm could use an in-kind or in-cash redemption model for its iShares Bitcoin Trust. It’s unclear how SEC officials responded to the two proposed models or if they intend to approve a spot BTC ETF after numerous delays and rejections. Looks like @BlackRock also met with SEC! There’s a couple slides in relation to in-kind vs cash creation. Based on this it looks like BlackRock prefers in-kind for their #bitcoin ETF (makes sense as its probably cleanest structure for them & end investors) h/t @btcNLNico https://t.co/AK0XspL4zJ pic.twitter...

Join Our Telegram channel to stay up to date on breaking news coverage Government officials have informed a virtual court hearing in Delaware that the U.S. Federal government has confiscated or is in the process of confiscating a number of assets that may be connected to the insolvent cryptocurrency corporation FTX, including a number of shares in trading app Robinhood . As Department of Justice investigations into former FTX CEO Sam Bankman-Fried and top employees Gary Wang and Carolyn Ellison continue, the assets may eventually be the subject of forfeiture proceedings. FTX, which declared bankruptcy on November 11, has asked a federal court to rule on the ownership of Robinhood shares valued at around $450 million. Between insolvent cryptocurrency lender BlockFi, Bankman-Fried, and FTX creditor Yonathan Ben Shimon, ownership of the shares is in dispute. According to Department of Justice counsel Seth Shapiro, one of the requests was “connected to Robinhood shares, w...