Posted 11/22/2023, 5:46:31 PM
BlackRock Meets with SEC to Pitch Bitcoin Spot ETF Models, Joining Other Major Firms Seeking Approval
- Representatives from BlackRock and Nasdaq met with the SEC to discuss a proposed spot Bitcoin ETF
- BlackRock presented 2 models for the ETF in-kind or in-cash redemption
- Unclear how the SEC responded to the models or if they will approve a spot BTC ETF
- The SEC also met with Grayscale on Nov. 20th regarding their Bitcoin ETF bid
- BlackRock is one of many firms seeking SEC approval for a spot crypto ETF, including Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Bitwise