"BlackRock Meets with U.S. SEC Crypto Asset TF... Signal for New Spot ETF Approval"
Suehyeon Lee
Summary
- BlackRock held a meeting with the U.S. SEC Crypto Asset TF, raising expectations for the approval of a new spot ETF.
- It was revealed that the meeting between BlackRock and the SEC discussed the issuance and redemption structure of a crypto asset spot ETF.
- The meeting with BlackRock is interpreted as a positive signal that the approval of a spot ETF is near.
BlackRock held a meeting with the U.S. Securities and Exchange Commission (SEC) Crypto Asset (Cryptocurrency) Task Force (TF), sparking expectations that the approval of a new crypto asset spot ETF is imminent.
On the 4th (local time), Nate Geraci, CEO of the U.S. ETF Store, reported on X that "BlackRock met with the SEC Crypto Asset TF earlier this week to discuss the issuance and redemption structure of a crypto asset spot ETF."
He expressed optimism, saying, "This is a positive signal that the approval of a new spot ETF is imminent."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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