Insiders: Asset management company Hashdex has held meetings with the SEC to address regulatory concerns regarding its application for a Bitcoin spot ETF

ChainCatcher news, according to a report by Cointelegraph citing sources, asset management company Hashdex recently held a meeting with the U.S. Securities and Exchange Commission (SEC) to address the regulator's concerns regarding its application for a spot Bitcoin ETF. The meeting took place on October 13, attended by six SEC officials as well as representatives from Hashdex, NYSE Arca, Tidal Financial Group, and the law firm K&L Gates.

It is reported that during the meeting, Hashdex presented the mechanism of its spot Bitcoin ETF, in which Bitcoin will be traded and held in the ETF on the Chicago Mercantile Exchange (CME). Hashdex's application differs from other spot Bitcoin applications as it has not entered into a surveillance-sharing agreement with Coinbase, but instead proposes to acquire spot BTC from physical exchanges within the CME market, thus making it entirely reliant on CME's trading pricing. According to informed sources, the SEC may request more information before the first deadline for applications on November 17.