The SEC and BlackRock reportedly discussed the iShares Bitcoin ETF at their last meeting on December 14, raising questions about in-kind transactions.
Unlike previous meetings, there were no presentations, according to Bloomberg Intelligence analyst James Seyffart.
As part of a follow-up thread to
A community member then asked Seyffart about the likelihood of an SEC approval given Chairman Gary Gensler's comments yesterday regarding the court hearing.
I mean. Since October people have been telling us we were crazy for believing it would happen!! Haha. Now people want us to increase the odds. But yes – we believe it is happening. https://t.co/bLO8qcchj3
— James Seyffart (@JSeyff) December 15, 2023
“Yes – we think it’s happening,” the Bloomberg analyst replied.
The filing was revised following a third meeting between BlackRock representatives and the SEC led by Gensler on Dec. 11, with previous discussions taking place on Nov. 20 and 28.
The SEC still has to meet the January 15 deadline to rule on BlackRock's application. The final deadline is March 15th. Grayscale, Bitwise, VanEck, WisdomTree, Invesco Galaxy, Fidelity and Hashdex are also awaiting the SEC's decision.
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