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SEC meets with BlackRock for iShares Bitcoin ETF
In their latest meeting, SEC and BlackRock reportedly discussed the iShares Bitcoin ETF on Dec. 14, raising questions about in-kind transactions.
Unlike previous meetings, James Seyffart, a Bloomberg Intelligence analyst, reports that there were no presentations.
As part of a follow-up thread on X, Seyffart reminds the community that Hashdex, another firm in the spot Bitcoin ETF race, had also engaged with SEC’s Office of the Chair.
After this, a community member asked Seyffart about the likelihood of SEC approval, given Chairman Gary Gensler’s comment on listening to the courts from yesterday
“Yes – we think it’s happening,” was the Bloomberg analyst’s response.
The application had been revised following a third meeting between BlackRock representatives and the SEC led by Gensler on Dec. 11, with prior engagements occurring on Nov. 20 and 28.
The SEC still must hold to the deadline of Jan. 15 to make a decision on BlackRock’s application, with a final cutoff on Mar. 15. Grayscale, Bitwise, VanEck, WisdomTree, Invesco Galaxy, Fidelity, and Hashdex are also awaiting the SEC’s decision.