The U.S. SEC requires Bitcoin spot ETF issuers to confirm authorized participant information in the next update application
On December 23rd, ETF analyst Eric Balchunas from Bloomberg posted on social media that the latest snapshot of his ETF Cointucky Derby added a "AP Protocol" column because the SEC hopes that AP (Authorized Participants, i.e. underwriters) information can be confirmed in the next S-1 update (within the next 10 days). This step is not easy and may prevent some issuers from obtaining approval. But "confirming the AP protocol" along with "cash creation" may be equal to "getting approval".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Bitcoin Reach $105K? The Potential Impact of Liquidity Injections on Bullish Surge
Exploring the Potential Influence of Global Liquidity on Bitcoin's Ascension to a New High

Leverage-Driven Pump: How Bitcoin Long Traders Could Become Trapped
Unpacking the Perils and Potential of Leverage-Driven Bitcoin Pump for Long Traders

Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Trending news
MoreCrypto prices
More








