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OTCbid - Bitcoin Spot ETF applications see updates as BTC holders await likely approval in January

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" Bitcoin Spot ETFs could see a batch approval in January. Eric Balchunas, a Bloomberg ETF analyst shared details of an updated application by asset manager BlackRock. 

Bitcoin price resumed its rally, triggering $8.94 million in short liquidations. 

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• The total number of Bitcoin Spot ETF issuers has climbed to 13, after Pando’s ETF application. European ETF giant Pando filed an S-1 for Pando Asset Spot Bitcoin Trust.

• Eric Balchunas, Bloomberg ETF analyst noted the late filing and shared details of BlackRock’s meeting with the Securities and Exchange Commission’s Trading and Markets division. The analyst informed his followers through a recent tweet, that the asset management giant presented the regulator with a revised in-kind model design based on staff’s comments at their 11/20 meeting. 

• The US financial regulator has previously asked Bitcoin Spot ETF applicants to amend their filings in favor of cash creation. Applicants are likely to continue debating cash creation and in-kind delivery of the ETF with the regulator. 

• The anticipation surrounding the Bitcoin Spot ETF has fueled a rally in both spot and futures markets. Seyffart shared details of ProShares BITO, a Bitcoin futures ETF that hit an all-time high recently. Grayscale Bitcoin Trust’s GBTC discount narrowed, hitting a record low in lieu of likely Spot BTC ETF approvals. 

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.- Read More

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Source: FXstreet

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500-100K BTC SELLER AVAILABLE

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NEW: 10K-100K BTC with R&E @ -9% Gross, -5% Net, B2B, NBD & Abu Dhabi Commercial Bank, Dubai - Look For Buyer 

( Seller: IPHOE...XIRD-GAIL )

Post: 30.11.23

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• Seller is selling 10K-100K BTC with R&E @ -9% Gross, -5% Net.

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• Buyer = 5%

• Sellerside = 1.5% 

• Buyerside: 1.5%​

• Seller Intermediary = 0.5%

• Buyer Intermediary = 0.5%

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• PROCEDURE :

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• 1. Buyer sends LOI/ICPO and seller sends SPA Agreement.

• 2. Buyer and Seller shall sign a SPA Agreement

• 3. Buyer returns the signed SPA.

• 4. Seller shall provide the escrow agreement from their escrow agent.

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• NOTE: If we must allow buyer to use their escrow agent, all the following must be accepted:

• A: The escrow agent must be from any of these countries UK, Poland, Mexico and Germany

• B: The buyer will provide the seller with all the details of the escrow agent as listed below

• a. Escrow Agent Name

• b. Website (if any)

• c. Email address

• d. Contact Person

• e. Escrow agent address.

• C: Once we approve the escrow agent, the buyer will be responsible to pay the escrow agency fee

• D: All correspondence between the escrow agent, buyer and seller during the escrow stage must be via email and we the seller must be on the cc at all times or we are at liberty to back off the deal at any time a correspondence is made to the escrow agent by the buyer without us on the cc.

• E: The buyer will have to be responsible for requesting the escrow agreement from the escrow agent with the seller on cc as stated in point 3 above.

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• If all the points above is agreed and accepted by the buyer then we can proceed with the transaction and step 5 below.

• 5. Buyer and seller signs an escrow agreement provided by the escrow company.

• 6. Buyer make payment of the first tranche of the BTC to the Escrow company account in USD or USDT.

• 7. Upon execution of the Purchase Agreement, the Escrow Agreement and payments to the Escrow agent by the buyer, Seller shall schedule a zoom meeting to initiate placement of the first tranche of the BTC into the Buyer’s Wallet and also pay commissions in USDT to all the mandate wallet, according to the listed representatives in the Annex C of the signed SPA during the zoom meeting.

• NB: All mandates commissions must be paid via the Swig Wallet in USDT.

• 8. Buyer proceed with the confirmation of the BTC as per the signed agreement.

• 9. After successful confirmation of the above-mentioned, the buyer instructs the Escrow company to release the payment of the BTC to the seller.

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• Special Conditions:

• 1. WE DON'T SEND A SATOSHI TEST

• 2. WE CAN DO A-B WALLET TEST TO PROOF CONTROL OF THE BTC WALLET (Example: We provide the buyer with an empty receiving BTC wallet address to check on explorer and send $50 worth of BTC from any of our wallet with more than 10,000BTC to the receiving wallet.

• 3. BUYER WITH SWIG WALLET GETS A 10% NET DISCOUNT ON MARKET PRICE.

• 4. BUYER THAT PAYS IN USDT GETS 15% ON MARKET PRICE.

• 5. BUYERS WHO PROVIDE AN ESCROW ATTORNEY IN THE USA WILL PAY WITH USDT AS WE DON’T WORK WITH USA BANKS

• 6. BUYER CAN TRANSACT WITH US DIRECTLY WITHOUT INVOLVING AN ESCROW AGENT

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin) - https://www.linkedin.com/in/raymondchai/

• OTCbid.com

• Discord: #OTCbid

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