Fidelity and SEC meet to discuss spot Bitcoin ETF application

The United States SEC and Fidelity assembled to discuss Fidelity’s Wise Bitcoin Origin Trust application, reviewing diagrams and examining the operational logistics and functionality of the product.

The United States Securities and Exchange Commission (SEC) recently met with Fidelity to seek additional clarity on its spot Bitcoin (BTC) exchange-traded fund (ETF) application.

According to a filing published on December 7, two Cboe BZX Exchange representatives, along with six personnel from the SEC and nine individuals from Fidelity, discussed the workings of the Wise Origin Bitcoin Trust in a meeting. 

The filing incorporated PowerPoint slides used during the meeting to illustrate the operational framework of the Bitcoin ETF.

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