US Securities and Exchange Commission (SEC) has met with representatives from at least 7 financial institutions to discuss the issuance of Bitcoin spot ETFs (exchange-traded funds). Financial institutions that have discussed the issuance of Bitcoin spot ETFs with the SEC include BlackRock, Grayscale Investments, ARK Investments, and 21 Shares, while representatives from the NASDAQ Stock Exchange and the Chicago Options Exchange attended the meeting. It is reported that the SEC will approve the issuance of Bitcoin spot ETFs by multiple companies at the same time. However, if the application documents are still not compliant before the 29th of this month, it will not be possible to issue Bitcoin spot ETF products in early January next year.

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