The U.S. Securities and Exchange Commission (SEC) has been holding meetings with various asset managers regarding their proposals for spot Bitcoin exchange-traded funds (ETFs). In late November, the SEC met with Grayscale and seven other applicants for spot Bitcoin ETFs. Grayscale, a prominent digital asset management firm, has had multiple meetings with the SEC, including discussions about a proposed rule change that would allow the listing and trading of Grayscale Bitcoin Trust (GBTC) shares on NYSE Arca. Grayscale plans to convert GBTC into a spot Bitcoin ETF. The SEC also met with BlackRock, the world’s largest asset manager, to discuss its proposed iShares spot Bitcoin ETF. Other asset managers, including Bitwise, VanEck, Fidelity, Invesco, and 21Shares on behalf of Ark Invest, also had meetings with the SEC regarding their respective spot Bitcoin ETF proposals. However, the SEC has not publicly announced any plans to approve a spot Bitcoin ETF despite these recent meetings.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Michael Sonnenshein, None |
| Companies | Coinbase, Ark Invest, Grayscale, Bitwise, BlackRock |
| Currencies | Bitcoin |
| Securities | None |
