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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 the operational 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
$44,178
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 discussion concerned Cboe BZX’s proposed rule change to list and trade shares of the Wise Origin Bitcoin Trust under Cboe BZX Rule 14.11(e)(4). Fidelity also provided the attached presentation.”
The United States SEC and Fidelity assembled to discuss Fidelity's Wise Bitcoin Origin Trust application, reviewing diagrams and the operational 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
$44,178
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 discussion concerned Cboe BZX’s proposed rule change to list and trade shares of the Wise Origin Bitcoin Trust under Cboe BZX Rule 14.11(e)(4). Fidelity also provided the attached presentation.”
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Bitcoin mining firm Phoenix Group delays share listing
Due to UAE’s National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023.
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.
Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
According to an announcement on Nov. 28, the crypto mining firm expects to list its shares on Dec. 5 instead of Dec. 4, 2023, due to public holidays declared for the United Arab Emirates National Day.
Celebrated on Dec. 2, the UAE National Day commemorates the formation of the UAE. The Ministry of Human Resources and Emiratization marks Dec. 2, 3 and 4 as public holidays for the private sector.
“To honor this occasion and ensure comprehensive participation in the IPO, Phoenix Group has rescheduled its listing date to December 5th, 2023,” the announcement states.
As previously announced , Phoenix Group successfully closed its IPO with an oversubscription of 33 times on Nov. 18, reporting that its offer of 907,323,529 shares saw “overwhelming demand.” Phoenix said retail investors oversubscribed the offering 180 times, while professional investors contributed to a 22-fold oversubscription.
Phoenix is a UAE-based mining operator that is developing one of the largest mining facilities in the Middle East. The company has reportedly been discussing the IPO launch in the UAE since at least July 2023.
Related: Bithumb plans to be first crypto exchange listed on Korea stock market: Report
The UAE has emerged as one of the most crypto-friendly jurisdictions in the world, launching various initiatives, including multiple Web3-focused economic free zones to support crypto development.
Due to UAE’s National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023.
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.
Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
According to an announcement on Nov. 28, the crypto mining firm expects to list its shares on Dec. 5 instead of Dec. 4, 2023, due to public holidays declared for the United Arab Emirates National Day.
Celebrated on Dec. 2, the UAE National Day commemorates the formation of the UAE. The Ministry of Human Resources and Emiratization marks Dec. 2, 3 and 4 as public holidays for the private sector.
“To honor this occasion and ensure comprehensive participation in the IPO, Phoenix Group has rescheduled its listing date to December 5th, 2023,” the announcement states.
As previously announced , Phoenix Group successfully closed its IPO with an oversubscription of 33 times on Nov. 18, reporting that its offer of 907,323,529 shares saw “overwhelming demand.” Phoenix said retail investors oversubscribed the offering 180 times, while professional investors contributed to a 22-fold oversubscription.
Phoenix is a UAE-based mining operator that is developing one of the largest mining facilities in the Middle East. The company has reportedly been discussing the IPO launch in the UAE since at least July 2023.
Related: Bithumb plans to be first crypto exchange listed on Korea stock market: Report
The UAE has emerged as one of the most crypto-friendly jurisdictions in the world, launching various initiatives, including multiple Web3-focused economic free zones to support crypto development.
0 reactions
Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper
A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet.Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin
BTC
$37,132
advocates and the former president of the Electric Reliability Council of Texas (ERCOT), the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s inherent interruptibility and swift load response capabilities could enhance grid flexibility to better integrate variable renewable energy sources.
Authors of the working paper included Nic Carter, Castle Island Ventures partner; Dennis Porter, the CEO of Satoshi Action Fund; Murray Rudd, a science adviser; Shaun Connell, executive vice president of power at Houston-based tech company Lancium; and the former ERCOT president and CEO Brad Jones, who recently passed away.
A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet.Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin
BTC
$37,132
advocates and the former president of the Electric Reliability Council of Texas (ERCOT), the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s inherent interruptibility and swift load response capabilities could enhance grid flexibility to better integrate variable renewable energy sources.
Authors of the working paper included Nic Carter, Castle Island Ventures partner; Dennis Porter, the CEO of Satoshi Action Fund; Murray Rudd, a science adviser; Shaun Connell, executive vice president of power at Houston-based tech company Lancium; and the former ERCOT president and CEO Brad Jones, who recently passed away.