Spot bitcoin ETFs could be just around the corner.
A new Reuters report said that the US Securities and Exchange Commission is working with asset managers to hammer out “key technical details.”
21Shares president Ophelia Snyder said in an interview in late November that the regulator engagement felt different and that the applicants are in a “pattern break.” Together, 21Shares and Ark form one of 13 spot bitcoin ETF applicants.
The SEC has been engaging with the firms on various details in the applications from the surveillance-sharing agreement — of which many applicants named Coinbase. The majority of the applicants also tapped Coinbase as a custodian.
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