📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
The Long-Awaited Big Event for BlackRock's Bitcoin Spot ETF Is Coming Step by Step! SEC Released a Statement
The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal that would allow BlackRock's spot Bitcoin exchange-traded fund (ETF) to change from the current cash-based model to in-kind redemptions.
According to a filing released today, the SEC has opened a 21-day comment period following the proposal's publication in the Federal Register. The agency will then decide whether to approve, reject, or further scrutinize the proposed amendment.
Representing BlackRock, Nasdaq, as stated in the Form 19b-4 file last month, submitted a modified rule application requesting approval for in-kind redemptions and creation transactions for iShares Bitcoin Trust.
The debate over Bitcoin ETF redemption methods extends to the SEC's initial approval process for spot Bitcoin ETFs. During that time, the SEC preferred a cash model that requires issuers like BlackRock to sell Bitcoin and distribute cash to investors instead of directly transferring the underlying asset.
The SEC has finally approved multiple spot Bitcoin ETFs, including BlackRock's, in January 2024. According to Bloomberg Intelligence ETF analyst James Seyffart, the proposed change will not affect individual investors, but will be applicable to authorized participants responsible for the creation and use of ETF shares.
If approved, the change could provide more flexibility to institutional investors and enhance efficiency in Bitcoin ETF transactions.