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SEC Issues Deadline for Spot Bitcoin ETF Players to Finalize Changes

Published 12/23/2023, 07:27 PM
Updated 12/23/2023, 07:45 PM
© Reuters. SEC Issues Deadline for Spot Bitcoin ETF Players to Finalize Changes
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  • SEC recently convened with reps seven firms aiming to introduce spot Bitcoin ETFs.
  • ETFs.Executives at the meetings revealed that the SEC had set a deadline of December 29 for final updates.
  • It was said that any issuer failing to meet this deadline would not be included in the initial wave of potential approvals in early January.

Officials from the U.S. Securities and Exchange Commission (SEC) convened on Thursday with representatives from at least seven companies aiming to introduce spot Bitcoin exchange-traded funds (ETFs).

Notable participants in these discussions included representatives from BlackRock, Grayscale Investments, ARK Investments, and 21 Shares. Public memos and sources familiar with the talks indicate that at least two companies were advised to submit their final changes by the end of the week.

Executives from two companies who participated in the regulatory meetings spoke anonymously, revealing that the SEC had set a deadline of December 29 for final updates to their filings. Also, regulators communicated that any issuer failing to meet this deadline would not be included in the in…

The post SEC Issues Deadline for Spot Bitcoin ETF Players to Finalize Changes appeared first on Coin Edition.

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