BlackRock SEC Meeting: Spot Bitcoin ETF Approval Closer?
The ongoing saga of a spot Bitcoin ETF continues, with BlackRock playing a central role. BlackRock is in talks with the SEC to discuss the details of their proposed spot Bitcoin ETF, a move that could potentially open the floodgates for institutional investment in Bitcoin.
Another Meeting Held: BlackRock and SEC Discuss Bitcoin ETF
On Dec. 14, the SEC held another round of discussions with asset managers proposing a spot Bitcoin ETF. This included BlackRock, Fidelity Investments, and several other applicants who are eager to launch these investment vehicles.
The Securities and Exchange Commission (SEC) met with BlackRock Inc. on Monday to discuss the proposed rule to allow a spot Bitcoin exchange-traded fund (ETF). Officials from SEC Chair Gary Gensler’s office attended the meeting.
Key Points of Contention: In-Kind Redemption Model
BlackRock prefers an in-kind redemption model for their ETF, while the SEC’s perspective remains a critical factor in determining the ETF’s structure. This is a key point of discussion as the SEC carefully evaluates the potential impact on market stability and investor protection.
BlackRock Revises Application for Easier Access
Financial investment firm BlackRock has revised its application for a spot Bitcoin exchange-traded fund (ETF), with a new model to make it more accessible for Wall Street investors. These revisions aim to address some of the SEC\'s previous concerns.
Fourth Meeting Signals Progress?
BlackRock and the US Securities and Exchange Commission (SEC) have conducted their fourth meeting to deliberate on the highly anticipated Spot Bitcoin Exchange Traded Fund (ETF). This increased frequency of meetings suggests a growing engagement and potentially a move towards a resolution.
What\'s Next for the BlackRock Bitcoin ETF?
BlackRock, Fidelity Investments, and several other applicants for spot Bitcoin ETFs are scheduled to hold a meeting with the United States Securities and Exchange Commission (SEC). The outcome of these discussions will be crucial in determining the future of spot Bitcoin ETFs in the US market. Stay tuned for updates as we continue to monitor the BlackRock SEC discussions and the potential for a groundbreaking spot Bitcoin ETF approval.