SEC Meets With Bitcoin ETF Applicants, What Do They Discuss?
In summary
•The SEC has had fruitful discussions with Bitcoin spot ETF applicants such as Grayscale and BlackRock, according to amendments to S-1 filings.
•The amendments suggest that the SEC is carefully considering the requests rather than rejecting them outright.
•BlackRock filed a second amendment to its S-1 filing, mentioning the US instant settlement system (Fedwire) and the SWIFT network.
•BlackRock's presentation also highlights the need for market makers to conduct due diligence on the legality of funds.
