Bitcoin
Bitcoin (BTC)
$56,692.00 10.66555
Bitcoin price
Ethereum
Ethereum (ETH)
$3,253.85 6.18914
Ethereum price
BNB
BNB (BNB)
$397.72 1.80452
BNB price
Solana
Solana (SOL)
$110.02 8.56024
Solana price
XRP
XRP (XRP)
$0.5553950 4.37153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000104 9.29486
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000022 52.66378
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056870 -0.90732
El Hippo price
Bonk
Bonk (BONK)
$0.0000141 19.47087
Bonk price
Bitcoin
Bitcoin (BTC)
$56,692.00 10.66555
Bitcoin price
Ethereum
Ethereum (ETH)
$3,253.85 6.18914
Ethereum price
BNB
BNB (BNB)
$397.72 1.80452
BNB price
Solana
Solana (SOL)
$110.02 8.56024
Solana price
XRP
XRP (XRP)
$0.5553950 4.37153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000104 9.29486
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000022 52.66378
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056870 -0.90732
El Hippo price
Bonk
Bonk (BONK)
$0.0000141 19.47087
Bonk price
Bitcoin
Bitcoin (BTC)
$56,692.00 10.66555
Bitcoin price
Ethereum
Ethereum (ETH)
$3,253.85 6.18914
Ethereum price
BNB
BNB (BNB)
$397.72 1.80452
BNB price
Solana
Solana (SOL)
$110.02 8.56024
Solana price
XRP
XRP (XRP)
$0.5553950 4.37153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000104 9.29486
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000022 52.66378
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056870 -0.90732
El Hippo price
Bonk
Bonk (BONK)
$0.0000141 19.47087
Bonk price
Bitcoin
Bitcoin (BTC)
$56,692.00 10.66555
Bitcoin price
Ethereum
Ethereum (ETH)
$3,253.85 6.18914
Ethereum price
BNB
BNB (BNB)
$397.72 1.80452
BNB price
Solana
Solana (SOL)
$110.02 8.56024
Solana price
XRP
XRP (XRP)
$0.5553950 4.37153
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000104 9.29486
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000022 52.66378
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056870 -0.90732
El Hippo price
Bonk
Bonk (BONK)
$0.0000141 19.47087
Bonk price

BlackRock meets with SEC for 24th time to discuss Bitcoin ETF

blackrock-meets-with-sec-for-24th-time-to-discuss-bitcoin-etf
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News
BlackRock meets with SEC for 24th time to discuss Bitcoin ETF

Asset manager BlackRock met again with representatives of the U.S. Securities and Exchange Commission (SEC).

Bloomberg analyst James Seyffart reported that BlackRock’s meeting on Dec. 19 is the 24th meeting that SEC representatives have held with companies that have applied to open a spot Bitcoin (BTC) exchange-traded fund (ETF).

Before meeting with the SEC, BlackRock revised its application to include a new mechanism for redeeming shares into fiat money.

In addition to BlackRock, the NASDAQ stock market representatives were present at the meeting.

“The discussion concerned The NASDAQ Stock Market’s proposed rule change to list and trade shares of the iShares Bitcoin Trust under NASDAQ Rule 5711 (d).”

SEC memorandum

BlackRock also added the ticker IBIT to its application to register a spot Bitcoin ETF, which Bloomberg Intelligence analyst Eric Balchunas called a positive sign.

However, Seyffart notes that at the latest meeting no developments have so far changed his mind regarding the timing of the first spot Bitcoin ETF approval, a decision the analyst expects between Jan. 8 – 10.

Commenting on the latest statement by Michael Novogratz, CEO of Galaxy, that the approval of spot Bitcoin ETFs will happen in the next 8-10 weeks, Seyffart says he believes it will happen sooner, but that ultimately it is anyone’s guess as to when the decision will finally come down from the SEC.

On Jun. 15, BlackRock submitted an application to the Commission for an investment product based on the first cryptocurrency. Following the financial giant, similar requests came from Valkyrie, Fidelity Investments, WisdomTree, and Invesco. On Aug. 31, the regulator postponed its decision on several Bitcoin ETFs until mid-October. At the end of September, the department delayed the consideration of applications to January 2024.

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