Several leading financial services companies held meetings with the SEC last week to discuss potential approvals for their proposed Bitcoin ETFs.
SEC Meets with BlackRock to Discuss Spot Bitcoin ETF
BlackRock, the world's largest asset manager, has met with the SEC for the third time in recent weeks, according to ETF analyst James Seyffart.
Investment management firms Franklin Templeton and Fidelity also sat down with regulators last week, while Grayscale Investments held its own meeting the week before.
In its last meeting, Fidelity Investments discussed the pending spot Bitcoin ETF application. The company also submitted details to the SEC regarding the operational workflows it would implement for the ETF if approved.
With the SEC reviewing the growing fleet of Bitcoin ETF applications from Fidelity, BlackRock, Grayscale and others, anticipation continues to build around a potential imminent approval.
Representatives from the SEC's Trading and Markets Division and Corporate Finance Division attended each meeting, Seyffart said in a Twitter message.
These two sections play important roles in determining whether proposed rule changes and registration statements for new ETFs will be approved.
*This is not investment advice.