U.S. Securities and Exchange Commission (SEC) officials on Thursday Bitcoin He had met with representatives of at least seven companies seeking to promote exchange-traded funds.
Key participants in these talks included representatives from BlackRock, Grayscale Investments, ARK Investments and 21 Shares. Public notes and experts who have closely followed the discussions show that at least two companies have been advised to submit their final changes by the end of the week.
Executives from two companies participating in regulatory meetings, speaking anonymously, explained that the SEC had set a Dec. 29 deadline for final updates to its filings. Additionally, regulators will require that any issuer that fails to meet this deadline be subject to spot withdrawals in early January. Bitcoin ETFThey stated that they will not be included in the first wave of potential approvals for .
The joint offer from ARK Investments and 21 Shares, which is currently under SEC review, is estimated to be decided by January 10. Market observers predict that the SEC may approve multiple applications at once in the days leading up to this deadline.
According to the news from the meeting, legal representatives of the issuers as well as representatives from stock exchanges such as Nasdaq and Cboe, where new products can be traded, also took part in the meetings.
Koinfinans.com It is worth noting that the SEC has consistently rejected various applications to introduce spot Bitcoin ETFs, as we have reported. The regulator also frequently expresses concern about the crypto market’s susceptibility to manipulation. The SEC has so far only approved Bitcoin and Ethereum ETFs tied to futures contracts traded on the Chicago Mercantile Exchange.
However, in recent months, there has been a growing indication that regulators may be inclined to approve at least some of the 13 proposed spot Bitcoin ETFs. Some attribute the shift to a landmark federal appeals court decision in August that found the SEC accepted Grayscale’s proposal to convert its trust into an ETF.