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SEC discussing ‘key technical details’ with spot crypto ETF applicants: Report

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 27 Views

In November, the commission separately met with representatives of BlackRock and Grayscale to discuss their spot crypto exchange-traded funds.

Officials with the United States Securities and Exchange Commission are reportedly discussing aspects of Bitcoin (BTC) exchange-traded funds, or ETFs, proposed by asset managers.

According to a Dec. 7 Reuters report, industry insiders said the SEC and certain asset managers were discussing “key technical details” related to U.S. exchanges listing shares of a spot Bitcoin ETF. To date, the commission has never given the green light to any spot cryptocurrency exchange-traded product, instead postponing decisions on applications for the maximum allowable time.

Memos released by the SEC in November showed the commission separately met with representatives of BlackRock and Grayscale. Both asset managers and Hashdex, ARK 21Shares, Invesco Galaxy, VanEck and Fidelity have filed for spot BTC or Ether (ETH) ETF listings.

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