BlackRock Engages with SEC on Spot Bitcoin ETF Discussion

23/11/2023

Representatives from BlackRock and Nasdaq recently met with the U.S. Securities and Exchange Commission (SEC) to discuss the possibility of listing a spot Bitcoin exchange-traded fund (ETF). In a presentation, BlackRock outlined two potential redemption models for its iShares Bitcoin Trust: in-kind or in-cash. The response from SEC officials and the likelihood of approval for a spot BTC ETF remain unclear, given previous delays and rejections. The approval of such an ETF could signify a significant step towards mainstream adoption of cryptocurrencies. Additionally, SEC officials also engaged with Grayscale on the same matter during a meeting on November 20.

Resource: https://cointelegraph.com/news/blackrock-sec-spot-bitcoin-etf-discussion