SEC Holds Mass Talks for Spot Bitcoin ETF: What Has Been Discussed? - Coin Newsletter

The U.S. Securities and Exchange Commission (SEC) has held multiple meetings with issuers applying for a spot Bitcoin ETF.

According to FOX Business, the SEC has held a meeting with multiple issuers regarding the structure of spot Bitcoin exchange-traded funds.

According to the information, the main topic of the meeting was related to the fact that payments in the funds should be made in cash. It has been reported that the SEC has requested , applicants to remove all clauses related to the same transactions.

Accordingly, issuers are required to convert Bitcoin into cash before trading ETF shares. Unlike the same method, Bitcoin cannot be used to buy or cover shares.

Bloomberg analyst Eric Balchunas said, "We've heard that the SEC has made multiple calls to exchanges/issuers to send a message of 'Either Trade Cash or You Wait' instead of a joint conference call."

Another analyst, James Seyffart, thinks that some issuers may lag behind but that the SEC will still approve ETFs in the January 8-10 range.

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