The United States SEC and Fidelity met to discuss Fidelity’s Wise Origin Bitcoin Trust application, reviewing diagrams and the operational functionality of the product.
The United States Securities and Exchange Commission (SEC) recently met with Fidelity Investments to seek additional clarity on its spot Bitcoin (BTC) exchange-traded fund (ETF) application.
According to a filing published on Dec. 7, two Cboe BZX Exchange representatives, six SEC personnel and nine Fidelity personnel met to discuss the workings of the Wise Origin Bitcoin Trust.
The filing incorporated PowerPoint slides used during the meeting to illustrate the operational framework of the Bitcoin ETF.