Investment giant Fidelity, which manages $4.5 trillion in assets, met with the SEC about the spot Bitcoin (BTC) ETF.
There has been a new development regarding spot Bitcoin exchange traded fund (ETF) applications, which have been described as the fuel behind the rise in the cryptocurrency market for a while. Financial giant Fidelity Friday, December 8 He met with the US Securities and Exchange Commission (SEC) and made a presentation about spot Bitcoin ETFs.
along with six staff from the SEC and nine from Fidelity. Cboe BZX At the meeting where stock exchange representatives came together, ETF workflows and the process More details on how to execute was highlighted. Company arbitrage And hedge He touched upon the importance of transactions in managing ETFs:
Arbitrage and hedging are more efficient with physical creations. Self-directed ETF market making firms can make arbitrage options accessible in the market. Steps in this direction, including allowing redemptions, are critical to improving trading efficiency and secondary market pricing for all participants.
Fidelity FBTC The spot Bitcoin ETF, known as the U.S. Depository Trust & Clearing Corporation (DTCC) was listed with and this move gave a clear message that preparations were continuing.
Currently on the SEC’s table Fidelity And BlackRock Finance giants such as have spot Bitcoin ETFs. Although no ETF has been approved so far, the revisions and negotiations create an image that the process is progressing positively. Experienced ETF analysts evaluate the applications in question. January 2024 in the month 90% chance He thinks it will be approved en masse.