{"id":7927,"date":"2023-12-09T09:30:12","date_gmt":"2023-12-09T09:30:12","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7927"},"modified":"2023-12-09T08:24:22","modified_gmt":"2023-12-09T08:24:22","slug":"fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/","title":{"rendered":"Fidelity Held Meeting with SEC Regarding Spot Bitcoin Fund!"},"content":{"rendered":"<p>Fidelity made a detailed presentation on its proposed spot Bitcoin ETF in a meeting with the Securities and Exchange Commission (SEC) on December 7th. Leveraging its expertise in asset management, the presentation included a section titled &#8220;Bitcoin.&#8221; The flows of ETF operations, particularly the creation and redemption mechanisms, were detailed in the presentation.<\/p>\n<p><strong>It may attract your attention:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/latest-on-bitcoin-spot-etf-application\/\">What is the Latest on Bitcoin Spot ETF Application ?<\/a><\/strong><\/p>\n<p>A significant point highlighted in Fidelity&#8217;s presentation was the efficiency of arbitrage and hedging with physical creations.<\/p>\n<p>The recent surge in Bitcoin&#8217;s price to levels around $44,480 occurred as the SEC approaches decisions on the pending applications for proposed spot ETFs. Changes in filings and notes appear to focus on technical details of how the proposed funds would operate if approved, involving regulators and asset managers.<\/p>\n<p>Bloomberg Intelligence analyst James Seyffart commented on changes made to VanEck&#8217;s proposed spot Bitcoin ETF, stating on Friday:<\/p>\n<blockquote><p>&#8220;Creation\/redemption language includes both in-kind and cash,&#8221; he said. &#8220;Everyone is expected to leave this option in their S-1s, but 19b-4 approvals may, at least initially, only allow for cash creation.&#8221;<\/p><\/blockquote>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Feel free to share your thoughts on the topic in the comments. Besides, don\u2019t forget to follow us on\u00a0<\/em><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineer\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong><\/a>,\u00a0<em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/CoinEngineer\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>, and\u00a0<\/em><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\u00a0for more analysis and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fidelity made a detailed presentation on its proposed spot Bitcoin ETF in a meeting with the Securities and Exchange Commission (SEC) on December 7th. Leveraging its expertise in asset management, the presentation included a section titled &#8220;Bitcoin.&#8221; The flows of ETF operations, particularly the creation and redemption mechanisms, were detailed in the presentation. It may<\/p>\n","protected":false},"author":13,"featured_media":7930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2877,2876,39,1662],"class_list":["post-7927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-fidedlity","tag-fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund","tag-sec","tag-spot-bitcoin-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fidelity Held Meeting with SEC Regarding Spot Bitcoin Fund! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Fidelity made a detailed presentation on its proposed spot Bitcoin ETF in a meeting with the SEC on December 7th.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity Held Meeting with SEC Regarding Spot Bitcoin Fund! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Fidelity made a detailed presentation on its proposed spot Bitcoin ETF in a meeting with the SEC on December 7th.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-09T09:30:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-09T08:24:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/4-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1316\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ahmet Bedirhan Arvas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ahmet Bedirhan Arvas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/\",\"name\":\"Fidelity Held Meeting with SEC Regarding Spot Bitcoin Fund! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/4-2.jpg\",\"datePublished\":\"2023-12-09T09:30:12+00:00\",\"dateModified\":\"2023-12-09T08:24:22+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/b165f3cb898dc90eb7b6d9a3c2563932\"},\"description\":\"Fidelity made a detailed presentation on its proposed spot Bitcoin ETF in a meeting with the SEC on December 7th.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/fidelity-held-meeting-with-sec-regarding-spot-bitcoin-fund\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/4-2.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/4-2.jpg\",\"width\":1316,\"height\":736,\"caption\":\"Traffic and pedestrians pass a Fidelity Investments office in Boston. 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