The post Bitcoin ETF prospects brighten as major issuers meet SEC appeared on BitcoinEthereumNews.com.

Several major Bitcoin exchange-traded fund (ETF) issuers have recently engaged in discussions with the Securities and Exchange Commission (SEC), signaling an increasing likelihood of approval for their respective products. These meetings have paved the way for potential breakthroughs in the rapidly evolving world of cryptocurrency investment. Meeting with SEC James Seyffart, an ETF analyst at Bloomberg, reported that four different issuers held meetings with the SEC to discuss their Bitcoin product filings. The participants in these meetings included BlackRock, Grayscale, Franklin, and Fidelity. Nothing groundbreaking to report but 4 different issuers have met with the SEC regarding their #Bitcoin ETF filings in last few days. @BlackRock met with them yesterday for the third time in as many weeks. While @Grayscale, Franklin, and @Fidelity each had meetings last week pic.twitter.com/5gwBk83m0o — James Seyffart (@JSeyff) December 12, 2023 BlackRock, one of the world’s largest asset management companies, has demonstrated unwavering commitment to gaining SEC approval for its Bitcoin ETF. This commitment is evident in its three meetings with federal regulators in as many weeks.  BlackRock has gone a step further by revising its spot Bitcoin ETF application, making it more accessible for large banks to participate. It has introduced new shares in the fund that utilize cash rather than relying solely on cryptocurrency assets. The SEC’s decision on BlackRock’s application is expected by January 15th, with the final deadline set for March 15th. The Division of Trading and Markets and the Division of Corporate Finance, both instrumental in approval decisions, have been present at these meetings. Fellow issuers in the race BlackRock, other prominent ETF issuers, including Grayscale, Franklin, and Fidelity, have also engaged in discussions with the SEC. These interactions signal a collective effort to navigate the regulatory landscape and bring Bitcoin ETFs closer to reality. Eric Balchunas, an expert in…

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Filed under: News - @ December 13, 2023 9:10 pm