1 year ago
The U.S. Securities and Exchange Commission has precocious disclosed meetings with respective plus managers regarding their projected spot Bitcoin ETFs.
On Nov. 29, the SEC said that its Division of Trading and Markets members met with respective Grayscale employees and the instrumentality steadfast Davis Polk connected the aforesaid day. Grayscale CEO Michael Sonnenshein was among those successful attendance.
The SEC held meetings with Grayscale connected 3 different dates starting successful 2022, the astir caller of which occurred past period connected November 20, 2023. Two further sessions progressive members of Grayscale’s custody partner, Coinbase.
Those meetings acrophobic a projected regularisation alteration that would let NYSE Arca to database and commercialized Grayscale Bitcoin Trust (GBTC) shares. Grayscale plans to person GBTC to a spot Bitcoin exchange-traded fund.
SEC besides met with BlackRock and others
The SEC held talks with different plus managers past month. Notably, it met with BlackRock regarding its projected iShares spot Bitcoin ETF connected Nov. 28 and Nov. 20. Attachments amusement that some BlackRock discussions acrophobic comparisons betwixt in-kind and currency redemption models, which volition find whether immoderate ETF participants transact with cryptocurrency oregon cash.
The securities regulator besides said connected Nov. 29 that it met with plus manager Hashdex days earlier to sermon the firm’s projected spot Bitcoin ETF.
Other SEC disclosures bespeak that the bureau met with Bitwise, VanEck, Fidelity, and Invesco connected their respective proposals successful precocious November. The bureau besides met with 21Shares connected behalf of Ark Invest’s spot Bitcoin ETF connection astir the extremity of the month. It does not look that the SEC met with WisdomTree, Valkyrie, oregon GlobalX connected their respective spot Bitcoin ETF applications.
The SEC has not publically stated immoderate plans to o.k. a spot Bitcoin ETF successful spite of the information that it has disclosed these galore caller meetings.
The station SEC met with Grayscale and 7 different spot Bitcoin ETF applicants successful precocious November appeared archetypal connected CryptoSlate.
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