United

Bitcoin ETF

Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">Several potential issuers met with the SEC to discuss their spot Bitcoin ETFs, adding to hopes that harmonized approvals may be on the horizon.&nbsp;</p>
 <p>The United States Securities and Exchange (SEC) held calls with spot Bitcoin ETF filers, including BlackRock, Valkyrie, ARK 21Shares, Franklin Templeton, Fidelity, VanEck, and Grayscale on Dec. 21 regarding their respective bids for investment vehicles that would hold crypto’s largest token.</p>
 <p>According to documents on the Commission’s website, issuers reportedly spoke with staff from the SEC’s divisions of corporation finance, trading, and market. Fox Business initially reported the news and noted <a rel="noopener noreferrer nofollow" title="multiple" href="https://thebittimes.com/tag/multiple.html">multiple</a> conversations between companies and the SEC.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN: BlackRock had it's 6th official meeting with the SEC about its spot #Bitcoin ETF yesterday pic.twitter.com/j3MmrXm8vl</p>— Bitcoin Magazine (@BitcoinMagazine) December 22, 2023
   </blockquote>
  </div>
 </figure>
 <p>Filings at press time had confirmed SEC meetings with seven of 13 potential Bitcoin ETF issuers. Bloomberg’s Eric Balchunas surmised that these talks were likely centered on redemption models, with the SEC set on cash creations rather than an in-kind structure.&nbsp;</p>
 <p>The SEC’s likelihood of leaning toward cash-create redemptions had previously been reported by crypto.news, although Wall Street titan BlackRock seemingly pushed for in-kind inclusions. Some firms like Hashdex and Valkyrie have since filed updated S-1 documents with cash-only amendments for their spot Bitcoin ETFs.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">BlackRock lawyers straight living at the SEC lately. But not sure it matters anymore. Word is SEC is hard line on what they need re no wiggle room language around cash creations and an AP agreement. When we see S-1s w those updates can prob assume that issuer is home free. https://t.co/vx1w5q3QxH</p>— Eric Balchunas (@EricBalchunas) December 22, 2023
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Experts: Final lap before spot Bitcoin ETF in play
 </div>
 <p>Despite dialogue between the SEC and these ETF operators, the securities watchdog has neither confirmed nor disclosed whether it plans to approve or deny <a rel="noopener noreferrer nofollow" title="applicants" href="https://thebittimes.com/tag/applicants.html">applicants</a>. However, experts predict a 90% chance of approval due to a deviation from the SEC’s modus operandi of delaying decisions and eventually issuing denials with minimal feedback to filers.</p>
 <p>Grayscale’s court win over the SEC is another major factor fueling Bitcoin (BTC) ETF hype, although the SEC may still refuse the company, per expert opinion.&nbsp;</p>
 <p>The market impact of an SEC approval for any of the 13 spot Bitcoin ETF applications in review remains to be seen. MicroStrategy CEO and BTC proponent Michael Saylor stressed the significance of a decision, saying it could be the biggest development on Wall Street in the last 30 years.</p>
 <p>Crypto trading firm QCP Capital and JPMorgan Chase hold divergent views, arguing that the hype may be overstated.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> QCP Capital doubted market hype after spot Bitcoin ETFs launch
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-met-multiple-spot-bitcoin-etf-applicants-on-dec-21-tbt74545.html">https://thebittimes.com/sec-met-multiple-spot-bitcoin-etf-applicants-on-dec-21-tbt74545.html</a></p>

SEC met multiple spot Bitcoin ETF applicants on Dec. 21

TheBitTimes

2023년 12월 22일에 게재된 다른 기사

Bitcoin’s Golden Cross Emergence: A Bullish Sign for the Future

NEAR PROTOCOL, Rallying Onward or a Momentary Breath in the Climb

Hong Kong Regulators Prepare to Consider Crypto ETF Applications!

opBNB Efficiently Handles Surge in Inscription Activity, Proving Network Resilience (22 Dec)

Rogue $58M Crypto Hack on Google Search and Social Media

Gambling at the best online casino Las Atlantis

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!