#BitcoinETF #BlackRock #SEC #Cryptocurrency #SpotBitcoinETF #Fidelity #Grayscale #Franklin
Recent developments reveal that BlackRock, along with three other issuers, held discussions with the Securities and Exchange Commission (SEC) divisions responsible for the approval of Spot Bitcoin ETFs. These meetings are a cause for increasing positive sentiment towards the potential approval of these funds in January. Notably, this is the third time BlackRock has met with the SEC in as many weeks. Past meetings revolved around BlackRock’s in-kind model, though the recent memorandum doesn’t indicate that such a topic was discussed in the latest consultations.
Furthermore, Bloomberg analyst James Seyffart disclosed that Fidelity, Grayscale, and Franklin also had meetings with the SEC recently. It is noteworthy to mention that Grayscale has had a second meeting with the SEC. Seyffart and his associate, Eric Balchunas, uphold their prediction that a Spot BTC ETF has a 90% chance of getting approved in January. Seyffart clarified that this approval refers to the 19b-4 approvals, while the listing date remains uncertain. The involvement of both the Division of Trading & Markets and the Division of Corporate Finance in the meetings suggests progress in the way to Spot Bitcoin ETFs.
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