BlackRock, Fidelity Investments, and other applicants for spot Bitcoin ETFs are scheduled to hold a meeting with the U.S. Securities and Exchange Commission (SEC) in the coming week. This meeting follows the refiling of applications by all spot ETF applicants, where they have included information about their surveillance-sharing partners and other necessary details.
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, who shared information from a reliable source via Twitter, the meeting between spot Bitcoin ETF applicants and the US SEC is expected to take place next week. Balchunas suggests that the meeting is crucial and should address the potential for spot Bitcoin ETFs and any required rule amendments.
It is important to note that while this information is of interest, it has not been confirmed with absolute certainty. Balchunas and Seyffart aim to share intriguing and useful insights from trustworthy sources.
Will the SEC approve Bitcoin ETF applications?
Meetings between the US SEC staff and ETF applicants are a regular occurrence following an official filing. These meetings serve to determine approval or denial and provide clarity on the SEC’s position. However, the meeting regarding the approval of spot Bitcoin ETFs holds significant importance for the cryptocurrency industry, especially as the SEC, led by Chair Gary Gensler, has consistently rejected spot Bitcoin ETFs while approving other similar ETFs.
In recent developments, after a wave of Bitcoin ETF filings last month, the US SEC granted approval for the first leveraged Bitcoin futures ETF, the Volatility Shares 2x Bitcoin Strategy ETF.
Simultaneously, market participants such as BlackRock, Fidelity Digital Assets, Invesco, Valkyrie, and WisdomTree, among others, have refiled their spot Bitcoin ETF applications, incorporating details regarding their surveillance-sharing agreements.
Source: https://coinpedia.org/news/crypto-news-us-sec-to-meet-with-blackrock-fidelity-and-spot-bitcoin-etf-applicants/