Bitcoin ETF

Bitcoin

Spot

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 <p>In a good sign for Bitcoin ETFs, the SEC has held a meeting with <a rel="dofollow" title="Fidelity" href="https://thebittimes.com/tag/fidelity.html">Fidelity</a> Investments to discuss its Spot Bitcoin ETF application. In the meeting, <a rel="dofollow" title="Fidelity" href="https://thebittimes.com/tag/fidelity.html">Fidelity</a> discussed its pending application, as well as submitted a presentation about ETF workflows.</p> 
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    <p lang="en" dir="ltr">JUST IN: 🇺🇸 SEC holds meeting with <a rel="dofollow" title="Fidelity" href="https://thebittimes.com/tag/fidelity.html">Fidelity</a> to discuss its Spot #Bitcoin ETF.</p>— Watcher.Guru (@WatcherGuru) December 8, 2023
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 <p>A memo on the regulator’s website gives insight into the contents of the presentation made by Fidelity. Fidelity provided the SEC with a presentation entitled “Bitcoin ETF Workflows.” The presentation included slides that detailed “In-Kind” creation and redemption models.&nbsp;</p> 
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 <p>“Arbitrage and hedge are more efficient with physical creations,” the presentation stated. “Self-clearing ETF market maker firms can facilitate efficient arbitrage in acting as Agency AP for non-self-clearing ETF market maker firms with Crypto Affiliates. Allowing for physical creation and redemption is critical to enhance trading efficiency and <a rel="dofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>ondary market pricing for all participants.”</p> 
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 <p>The SEC has been reviewing multiple Spot Bitcoin ETF applications over the past month, which in turn has caused the entire crypto market to surge due to optimism of the first ETF being approved. Bitcoin has led the charge, soaring north of $43,000. <a rel="dofollow" title="Fidelity" href="https://thebittimes.com/tag/fidelity.html">Fidelity</a> is one of the multiple applications, which also include BlackRock, Grayscale, and other top investment firms.</p> 
 <p><strong>Also Read: US Regulators Warming to Idea of Approving Spot Bitcoin ETFs</strong></p> 
 <p>BlackRock also met with the SEC back in November to discuss their workflow and pending Bitcoin ETF application. The asset manager also submitted a presentation about a “Revised In-Kind Model Design.”</p> 
 <p>Early Friday, <a rel="dofollow" title="Fidelity" href="https://thebittimes.com/tag/fidelity.html">Fidelity</a> Investments successfully placed its spot Bitcoin ETF on the Depository Trust and Clearing Corporation (DTCC). This further raised hype around <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> ETFs as a pivotal step toward official approval.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>Fidelity</li>
  <li>sec</li>
  <li>spot bitcoin etf</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/sec-meets-with-fidelity-to-discuss-spot-bitcoin-etf-tbt73116.html">https://thebittimes.com/sec-meets-with-fidelity-to-discuss-spot-bitcoin-etf-tbt73116.html</a></p>

SEC Meets With Fidelity To Discuss Spot Bitcoin ETF

TheBitTimes

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