The moment of truth is approaching. Will the SEC Approve Bitcoin Spot ETF Applications Soon? Or will she go so far as to postpone her decision-making? Recently, the issuers of similar requests have increased their meetings with officials of this regulatory institution of the United States Finance. Gary Gensler and his entire team must be under pressure.
Bitcoin ETF: BlackRock and company in talks with the SEC
Of all the asset managers interested in spot bitcoin ETFs, BlackRock seems the most active. Of course, Grayscale, against whom the SEC has already lost a lawsuit, opted for the option of a physical meeting with the team at Gensler, but BlackRock does not want to give up.
“ James Seyffart, an analyst at Bloomberg, said all four ETF issuers have met with the SEC over the past few days over spot Bitcoin ETF applications, with BlackRock meeting with the SEC for the third time in as many weeks. Grayscale, Franklin and Fidelity also met last week. »
In James Seyffart’s tweet, we learned that BlackRock visited the SEC offices yesterday. In all, three very important meetings with their American market regulators since the filing of the file.
For James Seyffart, there is “ nothing revolutionary to report “. We cannot therefore hope for an express green light from the SEC after yesterday’s meeting.
As for the actors, the finance expert at Bloomberg provided some no less interesting details.
“ As you can see from the screenshots, both the Operations and Markets Division AND the Corporate Finance Division were present at each of the meetings. It is these two divisions which will ultimately decide if and when 19b-4s and S-1s will be approved or denied. »
Regarding the deadline for these spot BTC ETFs, Seyffart clarified that BlackRock’s is set for March 15, 2024. While on social networks, we keep bringing forward the date of January 10.
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