Asset Management Company Hashdex Meets with SEC Officials for Spot Bitcoin ETF

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• Following a positive meeting last week to make necessary changes between spot Bitcoin ETF issuers and the SEC, Hashdex met with the SEC again on Tuesday, December 26.
• Bloomberg analyst James Seyffart also noted that Hashdex executives met with Samantha Ostrom from the SEC Chairman’s Office.
• Stock and crypto markets are anticipating approval from the SEC for a spot Bitcoin ETF following constructive discussions.

Crypto asset management company Hashdex held a meeting with the U.S. Securities and Exchange Commission (SEC) regarding the necessary changes in its application for a spot Bitcoin ETF.

Hashdex Met with SEC Officials

Crypto asset management company Hashdex met with the U.S. Securities and Exchange Commission (SEC) regarding the necessary changes in its application for the Hashdex spot Bitcoin ETF, according to the latest records. This move comes as the SEC is obligated to approve the first spot Bitcoin ETF in the U.S., tracking the price of Bitcoin.

Following a positive meeting last week to make necessary changes between spot Bitcoin ETF issuers and the SEC, Hashdex met with the SEC again on Tuesday, December 26. However, this meeting appears to be different from recent ones, as Hashdex met with the office of SEC Chairman Gary Gensler, sparking speculation in the markets. Bitcoin ETF issuers have been holding meetings and discussions with the SEC’s trading and markets division and the division of corporate finance.

Bloomberg analyst James Seyffart also mentioned that Hashdex executives met with Samantha Ostrom from the SEC Chairman’s Office. Ostrom met with Samir Kerbage, Chief Investment Officer of Hashdex, Michael Venuto from Tidal Financial Group, Richard Kerr and Peter Shea from K&L Gates, and Neel Maitra from the law firm Wilson Sonsini Goodrich & Rosati. The meeting was related to the listing and proposed rule change for trading the Hashdex Bitcoin ETF under Rule 8.500-E on NYSE Arca.

Spot Bitcoin ETF Gains Momentum

Stock and crypto markets are anticipating approval from the SEC for a spot Bitcoin ETF following constructive discussions. Spot Bitcoin ETFs are making recent changes on the prospectus concerning ‘cash creates,’ where the SEC will likely approve only redemptions made with cash.

Meanwhile, Grayscale submitted another amended S-3 filing to convert GBTC to a spot Bitcoin ETF. This came after Grayscale Investments’ president Barry Silbert stepped down. BlackRock, Pando Asset, and Hashdex recently filed updated S-1 applications with the SEC. Hashdex named BitGo as the Bitcoin ETF custodian.