⚡ Marathon Meeting Day at SEC with BlackRock and Six Others
posted 22 Dec 2023
Yesterday, December 21st, BlackRock, the investment company, was among those attending a meeting with the U.S. Securities and Exchange Commission (SEC). The discussion centered on the regulations for listing and trading the iShares Bitcoin Trust, a spot Bitcoin ETF.
Bloomberg's leading ETF analyst, Eric Balchunas, humorously remarked that BlackRock's legal team seems to have made the SEC their second home lately.
It was later revealed that other major players in the finance world — Franklin Templeton, ARK 21Shares, Valkyrie, Fidelity, VanEck, and Grayscale — also engaged with the SEC on the same day. In total, seven significant firms, BlackRock included, deliberated their spot Bitcoin ETFs with the commission in a coordinated effort.
The SEC is rumored to be advocating for tighter regulations concerning cash models, a move that may not be entirely welcomed by these companies, though this remains speculative.
Adding to the discourse, Anthony Scaramucci, founder of SkyBridge Capital, proposed an intriguing theory: spot Bitcoin ETFs might receive approval as early as the following week. He suggests that the timing, coinciding with the Christmas holiday week, could mean this significant news might go relatively unnoticed.
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