The US Securities and Exchange Commission (SEC) is reportedly holding a joint conference call with applicants for a spot Bitcoin exchange-traded fund (ETF). According to reports from Fox Business correspondents, the SEC is urging applicants to commit to a cash creation model as important deadlines approach.
This move by the SEC comes as the agency continues to evaluate the potential approval of a Bitcoin ETF. The cash creation model is seen as a critical factor in the decision-making process. The SEC’s involvement in this joint conference call indicates the agency’s focus on ensuring that applicants are aligned with the necessary requirements.
The SEC’s consideration of a Bitcoin ETF has been closely watched by the cryptocurrency community. The approval of a Bitcoin ETF would provide a regulated and accessible way for investors to gain exposure to Bitcoin without directly owning the cryptocurrency.
As the deadline for the SEC’s decision approaches, the outcome of this joint conference call could have significant implications for the future of Bitcoin ETFs in the US. Market participants and investors will be eagerly awaiting any updates or announcements from the SEC regarding the progress of these discussions.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | Fox Business, SEC |
| Currencies | Bitcoin |
| Securities | None |
