SEC Holds Meeting with BlackRock on Spot Bitcoin ETF: Details!

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• Financial giants seeking approval for the first spot Bitcoin ETF in the United States continue their discussions with SEC (U.S. Securities and Exchange Commission) officials ahead of a potential decision.
• According to reports, four candidate companies held meetings with SEC officials regarding the approval of their own spot Bitcoin ETF applications just within a few days.
• Representatives from BlackRock have conducted meetings twice in the last few weeks, and according to a statement presented by the agency on Tuesday, December 12, 2024, a third meeting took place.

Investment giants and the SEC continue discussions on spot Bitcoin ETF applications: 3rd meeting with BlackRock!

SEC Discusses Spot Bitcoin ETFs with BlackRock

Financial giants seeking approval for the first spot Bitcoin ETF in the United States continue their discussions with SEC (U.S. Securities and Exchange Commission) officials ahead of a potential decision. This situation could be a positive sign that Commission officials plan to make a decision before the potential next date of January 10, 2024.

According to reports, four candidate companies held meetings with SEC officials regarding the approval of their own spot Bitcoin ETF applications just within a few days. It is not yet clear whether Commission officials will invite the remaining ETF candidates in the coming days; however, this could be possible as the decision-making process approaches during the period until January 10. Previously, it was reported that there would be a narrow window between January 6-10, during which the SEC could make an approval decision.

Representatives from BlackRock have conducted meetings twice in the last few weeks, and according to a statement presented by the agency on Tuesday, December 12, 2024, a third meeting took place. In this meeting, discussions were held on the proposed rule change for the listing of the iShares Bitcoin Trust.

Interestingly, the meeting with Grayscale on December 8, 2023, by the agency occurred after the D.C. Circuit instructed the Commission to reconsider its decision on the spot Bitcoin ETF.

Multiple Spot Bitcoin ETF Approvals

Analysts anticipate that the SEC may likely approve multiple spot ETF applications simultaneously, which arises from an effort not to give the first-mover advantage to a single applicant. However, an approval before January 10 could mean that the SEC is setting a timeframe for the process of allowing companies to list and trade spot ETFs. As January 10 approaches, Bitcoin Price (BTC) may rise further in response to signs of SEC approval.