The U.S. Securities and Exchange Commission (SEC) has been holding meetings with Grayscale and BlackRock regarding the approval of Bitcoin ETF applications. Grayscale’s meeting focused on a proposed rule change that would allow NYSE Arca to list and trade shares of their spot Bitcoin ETF. BlackRock’s meeting discussed a proposed rule change that would permit Nasdaq to list and trade their iShares Bitcoin Trust.
Grayscale has had six meetings with the SEC, including two with representatives from Coinbase, while BlackRock has had five meetings. The SEC has not disclosed the specific topics discussed in the recent meetings. However, experts believe that a spot Bitcoin ETF may be approved by January 10, 2024, due to upcoming deadlines and recent amendments to filings.
Approval is not guaranteed, as the SEC has not yet approved a spot Bitcoin ETF. Nevertheless, hopes are high for the approval of these ETFs, given the ongoing discussions and meetings with key players in the industry.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None, Michael Sonnenshein |
| Companies | NYSE Arca, BlackRock, Nasdaq Stock Market, Davis Polk, Coinbase, Grayscale, Ark, 21Shares |
| Currencies | Bitcoin |
| Securities | None |
