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31684
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Fear & Greed:
49 / 100
Bitcoin:
$ 62.763
BTC Dominance:
% 56.7
Market Cap:
$2.20 T

SEC Holds Special Meeting for Hashdex Bitcoin ETF Application!

Sec

The United States Securities and Exchange Commission (SEC) is taking a different approach to spot Bitcoin exchange-traded funds (ETFs) than before. According to a statement from the SEC, representatives from Hashdex held a special meeting with the SEC on December 26 to discuss the listing of the Hashdex Bitcoin ETF.

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While representatives from the Division of Corporate Finance and the Division of Trading and Markets participated in other meetings held last week, a notable detail emerged in the Hashdex meeting. Samantha Ostrom, who serves in the SEC’s Office of the Chairman, met with Hashdex representatives. Ostrom is a notable name for her expertise in political consulting.

In addition to Hashdex, other representatives who attended the meeting include Tidal Financial Group, K&L Gates, and Wilson Sonsini Goodrich & Rosati. At this meeting, issuers in the process of establishing a Bitcoin ETF attempted to review their applications following the SEC’s updated requirements.

This special meeting signals a change in the SEC’s approach to Bitcoin ETF applications, beyond the general trend. In particular, the participation of the SEC Office of the Chairman in place of the previous representatives in the areas of institutional finance and trading is noteworthy.

Also, another important development in the industry is the change in Grayscale Investments‘ S-3 application following the resignation of Barry Silbert as chairman of the board. This shows that demand for Bitcoin ETFs is picking up speed towards the end of the year.

This meeting is a sign that the SEC is taking Bitcoin ETF applications seriously. The participation of the SEC Office of the Chairman suggests that the agency is considering the broader implications of approving a Bitcoin ETF. This is a positive development for the cryptocurrency community, as it suggests that the SEC is becoming more open to the idea of Bitcoin as a legitimate asset class.

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It remains to be seen whether the SEC will approve a Bitcoin ETF soon. However, this meeting is a positive step forward for the cryptocurrency industry.


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