SEC Meets with Fidelity to Review Bitcoin ETF Proposal, Approval Speculation Continues for Early 2023
• The SEC and Fidelity met to discuss Fidelity's proposed spot Bitcoin ETF, reviewing operational details and functionality.
• The filing included PowerPoint slides illustrating the ETF's operational framework and efficiency strategies.
• Fidelity originally applied for a spot Bitcoin ETF in June 2022, but was rejected by the SEC.
• The SEC has recently been meeting with several asset managers about proposed spot Bitcoin ETFs to discuss technical aspects.
• There's speculation over when the first spot Bitcoin ETF will be approved, with some analysts predicting approvals could come in early 2023.