SEC and BlackRock Discuss iShares Bitcoin ETF
In a recent meeting, the Securities and Exchange Commission (SEC) and BlackRock had a discussion about the iShares Bitcoin ETF. Unlike previous meetings, there were no presentations made during this particular meeting. James Seyffart, an analyst from Bloomberg Intelligence, reported that Hashdex, another company in the Bitcoin ETF race, also engaged with the SEC’s Office of the Chair. A community member asked Seyffart about the likelihood of SEC approval considering Chairman Gary Gensler’s comment on listening to the courts. Seyffart responded by saying that they believe approval is likely.
Revised Application and Deadline
The iShares Bitcoin ETF application was revised after a third meeting between BlackRock representatives and the SEC led by Gensler. Prior engagements took place on November 20 and 28. The SEC has until January 15 to make a decision on BlackRock’s application, with a final cutoff date on March 15. Other companies such as Grayscale, Bitwise, VanEck, WisdomTree, Invesco Galaxy, Fidelity, and Hashdex are also awaiting the SEC’s decision.
Hot Take: Is SEC Approval for iShares Bitcoin ETF Likely?
The recent discussions between the SEC and BlackRock regarding the iShares Bitcoin ETF have raised questions about the potential approval of the ETF. While no presentations were made during their meeting, Bloomberg analyst James Seyffart believes that approval is likely. This comes after Hashdex, another firm in the race for a Bitcoin ETF, engaged with the SEC’s Office of the Chair. As the deadline for a decision approaches, companies like Grayscale, Bitwise, VanEck, WisdomTree, Invesco Galaxy, Fidelity, and Hashdex are eagerly awaiting the SEC’s ruling on their respective applications.
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