Third company to meet with SEC this week regarding Bitcoin ETF listing application, experts optimistic about approval

Are you optimistic about approval through continuous conversation?

It has been revealed that the US SEC held a meeting with the applicant, Grayscale (for the second time), on the 29th of this week regarding an application to convert GBTC (Bitcoin Investment Trust) to a physical Bitcoin ETF. A meeting with Grayscale also took place on November 20th.

This week, Bitcoin rose 2.9% from the previous day, hitting another yearly high as Grayscale, BlackRock, and Invesco continue to talk with the SEC, raising hopes for final approval.

Source: Binance

No specific details were disclosed about the SEC’s meeting with the SEC’s trading and markets staff on the 29th, but ETF expert Nate Geraci commented on social media that “we’re probably getting closer to the goal (of approval).” .

Another meeting yesterday b/w Grayscale & SEC…

Absolutely fascinated to see how this all plays out, especially timing of GBTC uplisting vs launch of competing spot btc ETFs.

Btw, if you’re tired of me tweeting about this, good news is I think we’re approaching finish line. pic.twitter.com/lsngOSe57z

— Nate Geraci (@NateGeraci) December 1, 2023

Regarding the company’s Bitcoin ETF listing application, the SEC did not appeal the court ruling in mid-October regarding the conversion of GBTC into a physical Bitcoin ETF, and subsequently began discussions with Grayscale in early November. was reported.

connection: New developments in Bitcoin ETF listing application, SEC meets with Grayscale

connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

Scout from a rival company

Grayscale has appointed John Hoffman, former head of the Americas at Invesco, a major U.S. asset management company specializing in ETFs that manages $420 billion in assets, to lead the ETF sales and partnership team to improve the approval rate of ETF applications. Hired as a leader.

According to the document, Mr. Hoffman is an expert in the ETF field. During his 17 years at Invesco, he served as Director of ETF Institutional Investor Sales and Capital Markets, then in advisory roles, most recently leading the Americas ETF and Index Strategy team.

It was reported that Invesco, like Grayscale, also held a meeting with the SEC earlier this week. In addition, BlackRock met with the SEC twice and submitted presentation materials regarding the issuance and redemption methods of “in-kind” and “in-cash.”

connection: BlackRock and Invesco meet again with the SEC regarding Bitcoin ETF listing application

Bitcoin ETF review list Source: Bloomberg Intelligence

Bitcoin ETF special feature

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