Grayscale met again with the SEC to discuss the application of a spot Bitcoin ETF, and Hashdex became the second company to post an ad for a cryptocurrency ETF.
Grayscale met with the SEC on Tuesday to discuss potential rule changes for ETF application, according to the report. Leaked memo shared by Bloomberg reporter James Seypart This shows that Grayscale is still pushing spot and cash trading for its Bitcoin ETF.
Spot trading refers to the process of creating or redeeming ETF shares by exchanging securities such as stocks and bonds instead of cash. This method helps manage the ETF’s portfolio efficiently and minimizes the tax impact for investors.
Grayscale also proposal Only authorized participants can create and redeem Bitcoin ETP shares and must be registered with FINRA.
Bitcoin ETF advertising war is heating up
Interest in ETFs continues to grow. Hashdex We posted an ad today promoting our upcoming cryptocurrency ETF. Hashdex becomes the second company to release the following ad: By bit Yesterday we launched our first ETF featuring popular actor Jonathan Goldsmith. Following Hashdex’s post earlier today, Bitwise second ad He said, ‘Satoshi sends his regards.’
Frequent meetings and positive advertising by Grayscale and Blackrock suggest that ETF approval is just around the corner, and experts believe the SEC will approve several applications in January.