{"id":565415,"date":"2023-12-14T13:00:57","date_gmt":"2023-12-14T13:00:57","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=565415"},"modified":"2024-06-11T08:07:31","modified_gmt":"2024-06-11T08:07:31","slug":"bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/","title":{"rendered":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model"},"content":{"rendered":"

Recent reports have revealed that the United States Securities and Exchange Commission (SEC) has implemented a “new regulatory standard” for all <\/span>Bitcoin Spot Exchange-Traded Fund (ETF)<\/span><\/a> applicants while awaiting approval from the regulatory body.<\/span><\/p>\n

Cash Redemption Model For Bitcoin ETF Applicants<\/span><\/h2>\n

Top Bloomberg Analyst James Seyffart took to X (formerly Twitter) to <\/span>share<\/span><\/a> the latest update by the regulatory watchdog. According to him, every <\/span>Bitcoin<\/span><\/a> Spot ETF applicant will have to bend their knees to this new model.<\/span><\/p>\n

The SEC’s latest “Cash Redemption Model” came amid the spot Bitcoin ETF issuers ironing their filings with the US regulator. It seems that the SEC is unwavering in its demand, rather than approve the different model that other issuers have suggested.<\/span><\/p>\n

Related Reading: Bitcoin Spot ETF Approval: Why Price Could Be Set For 300% Surge<\/a><\/div>\n

The model enables authorized participants to deposit funds in the ETF equal to the net asset value of the creation units to be created. The underlying assets, which in this case is Bitcoin, are subsequently purchased by the fund using this money.<\/span><\/p>\n

Seyffart’s X post was accompanied by another <\/span>post <\/span><\/a>from financial lawyer Scott Johnsson, who initially shared the update. The financial lawyer shared a screenshot which revealed more details about the new model by the regulatory body.<\/span><\/p>\n

Johnsson asserted that <\/span>Invesco<\/span><\/a> is the most recent company to adopt the cash creation and redemption standard for its ETF. The trust anticipates that “creation and redemption transactions will be made in cash at first.”<\/span><\/p>\n

However, in the future, the Trust may permit\/require creation and redemption transactions to be carried out with the \u201cin-kind\u201d model. This is the initial model that several ETF applicants have suggested.<\/span><\/p>\n

For the in-kind model, the participant deposits a collection of securities that are weighted and composed in accordance with the ETF’s portfolio. This will allow investors to receive creation units from the fund without having to sell the securities for cash instantly.<\/span><\/p>\n

Bloomberg Senior ETF analyst, Eric Balchunas has also <\/span>confirmed<\/span><\/a> Invesco’s adoption of the latest cash model. The analyst asserted that the firm is embracing the initiative as per its just updated S-1 filing.<\/span><\/p>\n

Blackrock’s In-Kind Redemption Model<\/span><\/h2>\n

Blackrock recently <\/span>adjusted<\/span><\/a> its Spot Bitcoin Exchange-Traded Fund (ETF) application introducing an in-kind redemption model called “Prepay.” This is to tackle the restrictions that financial firms are facing in order to hold cryptocurrencies.<\/span><\/p>\n

Related Reading: $9 Trillion BlackRock Sees Bitcoin Spot ETF Approval Delayed, What This Means<\/a><\/div>\n

The adjustment aims to make it easier for Wall Street Banks to participate in the fund. With this modification, authorized participants (APs) would be allowed to issue new fund shares using cash instead of just Bitcoin.\u00a0<\/span><\/p>\n

The funds that the APs use for this procedure can subsequently be converted into Bitcoin through an intermediary and kept in storage by the ETF’s custody provider. As a result of this, it provides access to banks that are unable to store cryptocurrencies directly.\u00a0<\/span><\/p>\n

So far, <\/span>Blackrock<\/span><\/a> believes the model will offer greater protection against market manipulation, which has since been the major reason behind the SEC’s rejection of an ETF.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $42,850 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Recent reports have revealed that the United States Securities and Exchange Commission (SEC) has implemented a “new regulatory standard” for all Bitcoin Spot Exchange-Traded Fund (ETF) applicants while awaiting approval from the regulatory body. Cash Redemption Model For Bitcoin ETF Applicants Top Bloomberg Analyst James Seyffart took to X (formerly Twitter) to share the latest update by the regulatory watchdog. According to him, every Bitcoin Spot ETF applicant will have to bend their knees to this new model. The SEC’s latest “Cash Redemption Model” came amid the spot Bitcoin ETF issuers ironing their filings with the US regulator. It seems that the SEC is unwavering in its demand, rather than approve the different model that other issuers have suggested. Related Reading: Bitcoin Spot ETF Approval: Why Price Could Be Set For 300% Surge The model enables authorized participants to deposit funds in the ETF equal to the net asset value of the creation units to be created. The underlying assets, which in this case is Bitcoin, are subsequently purchased by the fund using this money. Seyffart’s X post was accompanied by another post from financial lawyer Scott Johnsson, who initially shared the update. The financial lawyer shared a screenshot which revealed more details about the new model by the regulatory body. Johnsson asserted that Invesco is the most recent company to adopt the cash creation and redemption standard for its ETF. The trust anticipates that “creation and redemption transactions will be made in cash at first.” However, in the future, the Trust may permit\/require creation and redemption transactions to be carried out with the \u201cin-kind\u201d model. This is the initial model that several ETF applicants have suggested. For the in-kind model, the participant deposits a collection of securities that are weighted and composed in accordance with the ETF’s portfolio. This will allow investors to receive creation units from the fund without having to sell the securities for cash instantly. Bloomberg Senior ETF analyst, Eric Balchunas has also confirmed Invesco’s adoption of the latest cash model. The analyst asserted that the firm is embracing the initiative as per its just updated S-1 filing. Blackrock’s In-Kind Redemption Model Blackrock recently adjusted its Spot Bitcoin Exchange-Traded Fund (ETF) application introducing an in-kind redemption model called “Prepay.” This is to tackle the restrictions that financial firms are facing in order to hold cryptocurrencies. Related Reading: $9 Trillion BlackRock Sees Bitcoin Spot ETF Approval Delayed, What This Means The adjustment aims to make it easier for Wall Street Banks to participate in the fund. With this modification, authorized participants (APs) would be allowed to issue new fund shares using cash instead of just Bitcoin.\u00a0 The funds that the APs use for this procedure can subsequently be converted into Bitcoin through an intermediary and kept in storage by the ETF’s custody provider. As a result of this, it provides access to banks that are unable to store cryptocurrencies directly.\u00a0 So far, Blackrock believes the model will offer greater protection against market manipulation, which has since been the major reason behind the SEC’s rejection of an ETF. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":565416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[90876,428,86326,7720,1119,78790,89763,3799],"class_list":["post-565415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aps","tag-bitcoin","tag-bitcoin-spot-etf","tag-blackrock","tag-btc","tag-btcusdt","tag-invesco","tag-sec"],"acf":[],"yoast_head":"\nBitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model<\/title>\n<meta name=\"description\" content=\"The United States Securities and Exchange Commission (SEC) has implemented a "new regulatory standard for all Bitcoin Spot ETF applicants.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model\" \/>\n<meta property=\"og:description\" content=\"The United States Securities and Exchange Commission (SEC) has implemented a "new regulatory standard for all Bitcoin Spot ETF applicants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-14T13:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:07:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793\" \/>\n\t<meta property=\"og:image:width\" content=\"1322\" \/>\n\t<meta property=\"og:image:height\" content=\"793\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Godspower Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NFTwerey\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Godspower Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\"},\"author\":{\"name\":\"Godspower Owie\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/4ef68821297ee4c687c35480d0cb2e99\"},\"headline\":\"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model\",\"datePublished\":\"2023-12-14T13:00:57+00:00\",\"dateModified\":\"2024-06-11T08:07:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\"},\"wordCount\":552,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793\",\"keywords\":[\"APs\",\"bitcoin\",\"Bitcoin spot ETF\",\"BlackRock\",\"btc\",\"BTCUSDT\",\"Invesco\",\"sec\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\",\"name\":\"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793\",\"datePublished\":\"2023-12-14T13:00:57+00:00\",\"dateModified\":\"2024-06-11T08:07:31+00:00\",\"description\":\"The United States Securities and Exchange Commission (SEC) has implemented a \\\"new regulatory standard for all Bitcoin Spot ETF applicants.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793\",\"width\":1322,\"height\":793,\"caption\":\"Deforestation with bitcoin sign. (3d render)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/4ef68821297ee4c687c35480d0cb2e99\",\"name\":\"Godspower Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g\",\"caption\":\"Godspower Owie\"},\"description\":\"My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.\",\"sameAs\":[\"https:\/\/x.com\/NFTwerey\"],\"url\":\"https:\/\/shenyangcang.com\/author\/godspowerowie\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model","description":"The United States Securities and Exchange Commission (SEC) has implemented a \"new regulatory standard for all Bitcoin Spot ETF applicants.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model","og_description":"The United States Securities and Exchange Commission (SEC) has implemented a \"new regulatory standard for all Bitcoin Spot ETF applicants.","og_url":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-14T13:00:57+00:00","article_modified_time":"2024-06-11T08:07:31+00:00","og_image":[{"width":1322,"height":793,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","type":"image\/jpeg"}],"author":"Godspower Owie","twitter_card":"summary_large_image","twitter_creator":"@NFTwerey","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Godspower Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/"},"author":{"name":"Godspower Owie","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/4ef68821297ee4c687c35480d0cb2e99"},"headline":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model","datePublished":"2023-12-14T13:00:57+00:00","dateModified":"2024-06-11T08:07:31+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/"},"wordCount":552,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","keywords":["APs","bitcoin","Bitcoin spot ETF","BlackRock","btc","BTCUSDT","Invesco","sec"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/","url":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/","name":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","datePublished":"2023-12-14T13:00:57+00:00","dateModified":"2024-06-11T08:07:31+00:00","description":"The United States Securities and Exchange Commission (SEC) has implemented a \"new regulatory standard for all Bitcoin Spot ETF applicants.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","width":1322,"height":793,"caption":"Deforestation with bitcoin sign. (3d render)"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/4ef68821297ee4c687c35480d0cb2e99","name":"Godspower Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g","caption":"Godspower Owie"},"description":"My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/shenyangcang.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model","url":"http:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["aps","bitcoin","bitcoin spot etf","blackrock","btc","btcusdt","invesco","sec"],"dateCreated":"2023-12-14T13:00:57Z","datePublished":"2023-12-14T13:00:57Z","dateModified":"2024-06-11T08:07:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Spot ETF Applicants To Integrate Mandatory Cash Redemption Model\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-spot-etf-applicants-to-integrate-mandatory-cash-redemption-model\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1326286668.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1326286668.jpg?fit=1322%2C793\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"aps\",\"bitcoin\",\"bitcoin spot etf\",\"blackrock\",\"btc\",\"btcusdt\",\"invesco\",\"sec\"],\"dateCreated\":\"2023-12-14T13:00:57Z\",\"datePublished\":\"2023-12-14T13:00:57Z\",\"dateModified\":\"2024-06-11T08:07:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/iStock-1326286668.jpg?fit=1322%2C793","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/565415"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=565415"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/565415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/565416"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=565415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=565415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=565415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}