BlackRock and Grayscale in Talks with SEC for Bitcoin ETF
Bloomberg Intelligence ETF research analyst James Seyffart reports that two major investment companies, BlackRock and Grayscale, have recently met with the SEC regarding their plans to issue a Bitcoin ETF. According to slides that have become public, BlackRock is likely leaning towards an in-kind offering for their ETF.
Cleanest Structure for Investors
Seyffart suggests that the decision to choose in-kind makes sense as it is likely the cleanest structure for the company and its investors. Additionally, Grayscale, another prominent investment management firm, has also held meetings with the SEC’s division of trading and markets, sparking further speculation about potential Bitcoin ETF issuers meeting with the SEC.
Continued Excitement around Bitcoin ETF Approval
News of potential spot ETFs has continued to ignite excitement in the crypto community. The crypto community is actively seeking any positive news on ETF issuance to grasp onto, with the recent announcements adding to the anticipation surrounding the approval of a Bitcoin ETF.
Hot Take: Community Anticipation Builds as BlackRock and Grayscale Hold Talks for Bitcoin ETF
The potential for a Bitcoin ETF continues to fuel excitement, with BlackRock and Grayscale’s recent discussions with the SEC adding to the growing anticipation in the crypto community.
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