Bitcoin ETF

Bitcoin

James

<p class="is-style-lead">In their latest meeting, SEC and BlackRock reportedly discussed the iShares Bitcoin ETF on Dec. 14, raising questions about in-kind transactions.</p> 
<p>Unlike previous meetings, James Seyffart, a Bloomberg Intelligence analyst, reports that there were no presentations.</p> 
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   <p lang="en" dir="ltr">BlackRock met again with the SEC yesterday. This time with Gensler's people/staff <a href="https://t.co/cjQ8ChxlBV" target="_blank">https://t.co/cjQ8ChxlBV</a> <a href="https://t.co/shDiZPidPe" target="_blank">pic.twitter.com/shDiZPidPe</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1735676269801406765?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 15, 2023</a>
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<p> You might also like: <a href="https://crypto.news/sec-denies-coinbases-plea-for-clear-crypto-regulations/"> SEC denies Coinbase’s plea for clear crypto regulations </a> </p> 
<p>As part of a follow-up thread on X, Seyffart reminds the community that Hashdex, another firm in the spot Bitcoin ETF race, had also engaged with SEC’s Office of the Chair.</p> 
<p>After this, a&nbsp;<a href="https://twitter.com/mwhitellc/status/1735696416985567598" target="_blank" rel="noreferrer noopener">community member</a>&nbsp;asked Seyffart about the likelihood of SEC approval, given Chairman Gary Gensler’s comment on listening to the courts from yesterday.&nbsp;</p> 
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   <p lang="en" dir="ltr">I mean. We've been at 90% odds since October when people told us we were insane for thinking it was gonna happen!! haha. Now people want us to increase the odds. But yes — we think its happening. <a href="https://t.co/bLO8qcchj3" target="_blank">https://t.co/bLO8qcchj3</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1735696942905065885?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 15, 2023</a>
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<p>“Yes – we think it’s happening,” was the Bloomberg analyst’s response.</p> 
<p>The application had been revised following a third meeting between <a href="https://crypto.news/blackrock-revises-spot-bitcoin-etf-application-after-meeting-with-sec/">BlackRock</a> representatives and the SEC led by Gensler on Dec. 11, with prior engagements occurring on Nov. 20 and 28.</p> 
<p>The SEC still must hold to the deadline of Jan. 15 to make a decision on BlackRock’s application, with a final cutoff on Mar. 15. Grayscale, Bitwise, VanEck, WisdomTree, <a href="https://crypto.news/sec-postpones-deadline-for-decision-on-invesco-galaxy-spot-ethereum-etf/">Invesco Galaxy</a>, Fidelity, and Hashdex are also awaiting the SEC’s decision.</p> 
<p> Read more: <a href="https://crypto.news/sec-is-taking-new-look-at-spot-bitcoin-etf-applications/"> SEC is taking ‘new look’ at spot Bitcoin ETF applications </a> </p>

SEC meets with BlackRock for iShares Bitcoin ETF

crypto.news

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