Another sign that things are moving forward with spot bitcoin ETFs? Teams from Nasdaq, the New York Stock Exchange (NYSE) and other players met with the Securities and Exchange Commission (SEC) yesterday. This would include discussing the final adjustments before the possible launch of the ETF. Zoom in on what we know so far.
Nasdaq, NYSE meet with SEC to discuss Bitcoin ETF
According to Fox journalist Eleanor Terret, it is a finalization the latest “comments” from stock market players before the launch of bitcoin ETFs. The Nasdaq website published the information yesterday. The NYSE was also present as well as the Chicago Board Options Exchange (CBOE).
The SEC wishes to evaluate implications of Bitcoin Spot ETF launch on major exchanges in the United States. It goes without saying that she has historically been very hostile to their arrival. But big companies, including BlackRock, Fidelity and VanEck, have been knocking on the door persistently for months.
👉 To go further – Spot Bitcoin ETFs explained: everything you need to know
As a result, everyone (or almost everyone) expects the SEC to authorize the first ETF in the coming weeks or days. It would appear that America’s financial policeman is done dragging his feet and is being forced to face increasingly harsh criticism.
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A pivotal moment for Bitcoin?
If spot bitcoin ETFs are so closely watched, it’s because of their arrival is considered a potential bull run trigger. According to their advocates, these new investment instruments would really make it possible to attract a more diverse group of investors. The arrival of big names in the sector also makes it possible to bring weight and increased legitimacy to cryptocurrencies.
👉 Also in the news – Bitcoin ETF: Goldman Sachs would like to become an authorized participant of BlackRock and Grayscale
At least that’s the view of Mathew McDermott, head of digital assets at Goldman Sachs — who also appears to be interested in Bitcoin ETFs. He explained it this way:
” When I think about tokenization, which is obviously a topic that’s talked about a lot, I think we’ll start to see marketplaces evolve next year. Here we start see wide acceptance. »
So the ball is in the SEC’s court with all eyes on this week.
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Source: Bitcoin Magazine via Nasdaq
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Journalist at Cryptoast, I have been immersing myself in cryptocurrencies since 2017. I am passionate about issues of decentralization, privacy and the global impact of these new technologies.
Marine Debelloir
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