Even as firms seeking approval for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) held several rounds of meetings with the U.S. Securities and Exchange Commission (SEC), the discussions have revolved around the model of redemption, hard forks in blockchain technology and the redemption model of the ETFs. One of the primary areas of discussion has been the redemption model for these ETFs, a Coinspeaker report stated, quoting sources. Traditionally, ETFs follow either an “in-kind” or cash redemption model. The former allows investors to exchange shares for the underlying securities or c…

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