The committee has held back-to-back meetings with a long list of industry players seeking approval of spot Bitcoin ETFs.
The U.S. ** Exchange Commission recently disclosed a meeting with several asset managers on its proposed spot Bitcoin ETF.
On Nov. 29, the SEC said members of its trading and markets division met with several Grayscale employees and the law firm of D**is Polk that day. Michael Sonnenshein, CEO of Grayscale, was one of the attendees.
Starting in 2022, the SEC held meetings with Grayscale on three additional dates, the most recent of which was on November 20, 2023, last month. The other two sessions involved members of Grayscale's custody partner, Coinbase.
These meetings involved a proposed rule change that would allow NYSE ARCA to list and trade Grayscale Bitcoin Trust (GBTC) *GrayScale plans to convert GBTC to spot Bitcoin exchange trading**.
The U.S.** Exchange Commission held talks with other asset managers last month. Notably, it met with BlackRock on November 28 and November 20 about its proposed iShares spot Bitcoin ETF. The attachment shows that both of BlackRock's discussions involved a comparison between physical and cash redemption models, which will determine whether some ETF participants trade with cryptocurrency or cash. Cash.
The SFC also said on Nov. 29 that it had met with asset manager Hashdex a few days ago to discuss the firm's proposed spot Bitcoin ETF.
Other information disclosed by the SEC shows that the agency met with Bitwise, Vaneck, Fidelity, and Invesco in late November about their respective proposals. The agency also met with 21shares around the end of the month on behalf of Ark Invest's spot Bitcoin ETF proposal. The SEC does not appear to have met with Wisdomtree, Valkyrie, or GlobalX regarding their respective spot Bitcoin ETF applications.
Although the U.S. Exchange Commission has disclosed a number of recent meetings, it has not publicly stated any plans to approve spot Bitcoin ETFs.