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BTC-Spot ETF Activity and Binance Grab the Headlines
Bitcoin (BTC) rallied 3.09% on Monday. After a 2.01% slide on Sunday, BTC ended the day at $42,639. Significantly, BTC fell short of the $43,000 handle for the third consecutive session. BTC-spot ETF-related updates drove buyer demand for BTC and the broader market. Several spot ETF-related updates warranted investor attention after meetings between issuers and the SEC on In-kind/Cash creations/redemptions. BlackRock (BLK) submitted an S-1 amendment for the iShares Bitcoin Trust. Significantly, BlackRock excluded In-kind creation and redemptions. BlackRock and Fidelity were among the issuers meeting with the SEC to ... (full story)