SEC Engaging With Firms on Spot Bitcoin ETFs, Raising Prospects for Approval
• SEC discussing technical details of spot Bitcoin ETF applications with financial firms, sign of possible approval • Topics include custody, creation/redemption mechanisms, investor disclosures • SEC previously rejected spot Bitcoin ETFs but approved futures ones • Major firms like ARK Invest, BlackRock, VanEck have applied for spot Bitcoin ETFs • Federal judge ruled SEC must reconsider rejecting Grayscale spot Bitcoin ETF bid