SEC Meets with Industry Giants on Bitcoin ETF Potential
Recent discussions transpired between key figures from BlackRock, Nasdaq, and the SEC regarding the prospective introduction of a Bitcoin ETF based on live market data.
As per the SEC’s disclosure on November 20, BlackRock presented two distinct models for redeeming its iShares Bitcoin Trust: one involving non-monetary transactions and the other centered on cash transactions.
There’s a buzz circulating about the SEC potentially edging closer to a decision on greenlighting a Bitcoin ETF for U.S. markets. However, uncertainties loom large, given the historical backdrop of prolonged delays and denials in similar cases.
Alongside these developments, representatives from Grayscale also engaged in discussions with SEC officials, aiming to secure approval for their own Bitcoin ETF venture.
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BlackRock joins a cohort of firms eagerly awaiting the SEC’s stance after submitting proposals for real-time cryptocurrency ETFs.
Notable contenders in this race include Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Bitwise. BlackRock initially filed for a Bitcoin ETF listing on the Nasdaq stock exchange earlier in June.
The cryptocurrency realm and investor community are closely monitoring the aftermath of these discussions, eagerly awaiting the SEC’s verdict on the potential launch of a real-time market value-based Bitcoin ETF.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
