Several leading financial services companies recommend Bitcoin ETFs It held meetings with the SEC last week to discuss potential approvals for the
SEC Meets with BlackRock to Discuss Spot Bitcoin ETF
BlackRock, the world’s largest asset manager, has met with the SEC for the third time in recent weeks, according to ETF analyst James Seyffart.
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 @GrayscaleFranklin, and @Fidelity each had meetings last week pic.twitter.com/5gwBk83m0o
— James Seyffart (@JSeyff) December 12, 2023
Investment management firms Franklin Templeton and Fidelity also sat down with regulators last week, while Grayscale Investments held its own meeting the week before.
In its last meeting, Fidelity Investments discussed the pending spot Bitcoin ETF application. The company also submitted details to the SEC regarding the operational workflows it would implement for the ETF if approved.
With the SEC reviewing the growing fleet of Bitcoin ETF applications from Fidelity, BlackRock, Grayscale and others, anticipation continues to build around a potential imminent approval.
Representatives from the SEC’s Trading and Markets Division and Corporate Finance Division attended each meeting, Seyffart said in a Twitter message.
These two sections play important roles in determining whether proposed rule changes and registration statements for new ETFs will be approved.
*This is not investment advice.
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