Hashdex Met SEC Chair Gary Gensler’s Office As Spot Bitcoin ETF Deadline Looms

Crypto asset management firm Hashdex met with the U.S. Securities and Exchange Commission (SEC) regarding the required changes to the Hashdex spot Bitcoin ETF application, according to the latest memorandum. The move comes as the SEC is obliged to consider approving the United States’ first spot Bitcoin ETF tracking BTC price.

Hashdex Met With the SEC Before Deadline

After a constructive meeting between the U.S. SEC and spot Bitcoin ETF issuers last week to make the required changes, Hashdex met again with the SEC on Tuesday, December 26.

However, it seems the meeting was different from recent meetings as Hashdex met with SEC Chair Gary Gensler’s office, raising speculation within the markets. Bitcoin ETF issuers have had meetings and calls with the SEC’s trading and markets division and corporate finance division.

Bloomberg analyst James Seyffart also noted Hashdex executives meeting Samantha Ostrom from the SEC Office of Chair. Ostrom met with Hashdex chief investment officer Samir Kerbage, Tidal Financial Group’s Michael Venuto, K&L Gates’ Richard Kerr and Peter Shea, and Neel Maitra from law firm Wilson Sonsini Goodrich & Rosati.

The discussion was regarding NYSE Arca’s proposed rule change to list and trade shares of Hashdex Bitcoin ETF under the Rule 8.500-E.

Also Read: Grayscale Makes Amended Bitcoin ETF Filing After Silbert’s Exit

Spot Bitcoin ETF Gains Ground

Stock and crypto markets await approval of a spot Bitcoin ETF by the US SEC amid constructive talks. Spot Bitcoin ETF issues are making final changes to the prospectus regarding ‘cash creates’, with the SEC likely to approve only cash-only redemptions.

Meanwhile, Grayscale has made another amended S-3 filing with the securities regulator to convert GBTC to spot Bitcoin ETF. It follows Grayscale Investments chairman Barry Silbert stepping down from the position.

BlackRock, Pando Asset, and Hashdex recently submitted updated S-1 filings with the SEC. Hashdex has named BitGo as Bitcoin ETF custodian.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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