The largest asset manager, BlackRock, and the US Securities and Exchange Commission (SEC) held their fourth meeting to discuss the proposed Spot Bitcoin ETF, according to an official filing.
The meeting, which included SEC Chairman Gary Gensler and his staff, focused on the “iShares Bioin Trust under NASDAQ Rules 57119(d).” This follows a series of meetings with various issuers in recent weeks.
The potential approval of a Spot Bitcoin ETF, amid ongoing discussions between BlackRock and the SEC, has generated heightened excitement, fueled by SEC Chair Gensler’s mention of court mandates prompting a reassessment of pending applications.
Bloomberg analysts, including James Seyffart, anticipate a decision window between January 5th and 10th, with any approval announcement likely on January 8th of the upcoming year.
The outcome of these discussions could have significant implications for the cryptocurrency market, providing investors with a new and accessible way to participate in Bitcoin through a regulated investment product.
Also Read: BlackRock’s Bitcoin ETF Proposal Invites Wall Street Banks
