At the end of last week, the SEC issued its first verdict after the wave of requests for ETF Spot Bitcoin. After declaring that the demands of the various suitors were inadequate, the American regulator nevertheless left a door open to them so that they could review their copies. According to an expert, the policeman of the American financial markets would now consider talking to these institutions. A meeting that promises to be decisive for the financial giants concerned.
The SEC and contenders for Spot Bitcoin ETFs soon gathered around the same table?
With its Bitcoin ETF application, the American multinational BlackRock paved the way for many other financial giants. The applications were finally qualified as incomplete by the American stock market policeman. However, the episode is far from over.
The Expert in Cryptocurrency Regulation Bias Knox announces that the SEC could hold talks in the next week with contenders for Spot Bitcoin ETFs. He said in a tweet posted on July 5: “The candidates will meet with the SEC next week. [Cette réunion, Ndlr] should tell us whether the Spot ETF demands hold up or not.”
Another analyst, Eric Balchunas is interested in this scoop and declares in stride: “ According to this source who we have identified as a credible expert in the field, Bitcoin ETF candidates and the SEC will meet next week…and frankly they should, I think a discussion is needed “. The analyst, however, says he is unable to confirm the information.
Towards the approval of Spot Bitcoin ETFs?
What surprise would the SEC have in store for contenders for Spot Bitcoin ETFs? Even if official sources have not yet confirmed it, this meeting could be decisive if it were to take place. It could be an opportunity for the SEC to communicate its final decision to institutions.
Bias Knox also allowed himself some speculation on the decision of the American regulator. According to him, the borrowing capacity of BTC assets could favor certain firms like Fidelity. Taking into account the current context marked by the fall in forward rates, he points out that these giants of finance are leaving with an advantage.
Recently criticized by some experts for its inaction in the face of numerous applications for spot Bitcoin ETFs, the SEC could soon open the debate with the various contenders. Many decisions could be made during the meeting announced by expert Bias Knox.
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