This week, numerous financial services companies met with America’s SEC regarding potential authorizations for their proposed Bitcoin ETFs. Twitter user and ETF Analyst James Seyffart shared that BlackRock – the largest asset manager globally – had their third meeting in three weeks. Investment firms Franklin Templeton and Fidelity also talked with the SEC’s representatives from the Division of Trading and Markets, and the Division of Corporate Finance, separately. Grayscale Investments had their own conference previously. Fidelity underlined their application which mercy touches the asset’s operational workings in the hope of a tentative approval from the SEC.
The record number of unrealistic applications – from Fidelity, BlackRock, Grayscale and the like – has spread Bitcoin’s (BTC) value. Currently trading near the $40,900 spot, BTC nevertheless spiked to over $44,000 awaiting the SEC’s ruling concluding what will basically be a pivotal moment.
Amidst speculation, 13 firms are left waiting for a crypto exchange-traded fund approval from the SEC.
