The largest asset manager, BlackRock, participated in its sixth meeting with the Securities and Exchange Commission (SEC) on December 21 to discuss its Bitcoin ETF.
Notably, on the same day, ARK 21Shares and Valkyrie were also in talks with the SEC regarding their respective spot Bitcoin ETFs. BlackRock’s consistent engagement with the SEC highlights its commitment to navigating regulatory processes effectively.
Amid these ongoing discussions, there are clear indications that the SEC is maintaining a stringent stance. Emphasis is particularly placed on the need for precise language concerning cash creation and an Authorized Participant (AP) agreement.
Industry insiders are buzzing with speculation that S-1 filings, incorporating these crucial updates, might signal a smoother regulatory journey for issuers.
These events highlight the increasing influence of institutional players in the cryptocurrency space and showcase ongoing efforts within the industry to establish a regulated framework for Bitcoin exchange-traded funds.
Investors are eagerly awaiting further updates, as regulatory clarity could open doors for broader market participation.
Also Read: BlackRock, Nasdaq, SEC’s Second Meeting on Bitcoin ETF Rules
