The U.S. Securities and Exchange Commission (SEC) recently met with Hashdex, an applicant for a Bitcoin ETF. The meeting discussed a proposed rule change that would allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. The SEC memo stated that two individuals from the SEC’s Office of the Chair met with three Hashdex members and one NYSE Arca member, along with a representative from the legal firm Wilson Sonsini Goodrich & Rosati. This meeting follows a previous discussion between some of the same individuals and the SEC’s Division of Trading and Markets. Hashdex’s proposed ETF model aims to source Bitcoin positions from within CME’s regulated futures exchange, isolating the ETF from unregulated spot markets. The SEC published a delay notice regarding the proposal, which required the agency to make a decision by January 1, 2024. However, the SEC has since opened a request for comments on the Hashdex Bitcoin Futures ETF and has not set a new decision deadline. It’s worth noting that no spot ETF involving Bitcoin or Ethereum has been approved in the U.S. to date, and there are several other asset managers with pending applications, including BlackRock, Fidelity, Ark Invest, Invesco, Grayscale, and Bitwise.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Fidelity, BlackRock, Bitwise, Ark Invest, Invesco
Currencies	Bitcoin, Ethereum
Securities	None