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Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’

Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’


Bitcoin.com
2023-12-28 02:30:51

Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. “A spot commodity exchange-traded product that only employs cash creations and redemptions and does not permit in-kind creations and redemptions is a novel product that


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