Claim BonusSpot Bitcoin ETF Approval: Blackrock, Fidelity, 2 Others Met US SEC This Week
Financial giants seeking the approval of the first ever spot Bitcoin ETF in the United States continue to hold deliberations with the U.S. Securities and Exchange Commission’s (SEC), in what could be an optimistic sign of the agency’s potentially decision making plans before the next deadline of January 10, 2024.
Also Read: CZ, Binance Say US SEC Claims On DOJ Settlement ‘Irrelevant’
Blackrock, Fidelity, Franklin Templeton, Grayscale Meet SEC
According to reports, as many as four aspiring companies have held talks with the SEC officials over the approval of their respective spot Bitcoin ETF filings, all in the space of just a few days. It remains to be seen if the Commission officials would invite the rest of the ETF aspirants in the days to come, in the lead up the January 10 deadline. Earlier, CoinGape reported that the US SEC would have a narrow window of opportunity between January 6-10, during which it could give out a decision in favor of approval.
While Blackrock representatives have held talks twice in the last few weeks, the third such meeting took place on Tuesday, December 12, 2024, a memorandum from the agency said, stating the discussion on proposed rule change to list the iShares Bitcoin Trust as reason. Interestingly, the agency’s meeting with Grayscale on December 8, 2023, on allowing the trading of the Grayscale Bitcoin Trust (GBTC) comes after the U.S. Court of Appeals for the D.C. Circuit’s direction mandating the Commission to revisit the decision on approving the spot Bitcoin ETF decision.
Multiple Spot Bitcoin ETF Approvals
Analysts have been predicting that the US SEC might potentially go for approval of multiple spot ETF filings at once, in order to avoid giving away the first mover advantage to a single applicant. However, an approval before January 10 could also mean the SEC giving a timeframe on allowing companies to list and trade the spot ETFs. In the lead up to the deadline, the Bitcoin Price (BTC) could further climb higher on any signs from the SEC in favor of approval.
Also Read: Former President Donald Trump Releases “Mugshot Edition” NFTs
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Will Bitcoin Crash Again as ‘Trump Insider’ Whale Dumps 6,599 BTC
- XRP News: Ripple’s RLUSD Gets Boost as CFTC Expands Approved Tokenized Collateral
- Crypto Markets Brace as Another Partial U.S. Government Shutdown Looms Next Week
- $40B Bitcoin Airdrop Error: Bithumb to Reimburse Customer Losses After BTC Crash To $55k
- ETH Price Fears Major Crash As Trend Research Deposits $1.8B Ethereum to Binance
- Cardano Price Prediction as Midnight Token Soars 15%
- Bitcoin and XRP Price Outlook Ahead of Crypto Market Bill Nearing Key Phase on Feb 10th
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
