Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»BlackRock, Nasdaq, SEC Hold Another Meeting on Spot Bitcoin ETF
TRADING NEWS

BlackRock, Nasdaq, SEC Hold Another Meeting on Spot Bitcoin ETF

By Crypto FlexsDecember 20, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock, Nasdaq, SEC Hold Another Meeting on Spot Bitcoin ETF
Share
Facebook Twitter LinkedIn Pinterest Email

Representatives from the Securities and Exchange Commission, Nasdaq, and BlackRock held a meeting to discuss regulatory changes needed to list a spot Bitcoin ETF.

This is the second meeting in a month as negotiations between regulators and applicants continue to progress and the January deadline is fast approaching.

Spot Bitcoin ​ETF Discussion Continues

In addition to meetings between Securities and Exchange Commission, Nasdaq, and BlackRock officials, the Commission’s Trading and Markets Division also met with Grayscale Investments regarding the application. The SEC announced a meeting with BlackRock and Nasdaq Stock Market staff in a memo.

“This discussion concerns NASDAQ Stock Market LLC’s proposed rule changes for listing and trading the shares of the iShares Bitcoin Trust pursuant to NASDAQ Rule 5711(d).”

Nasdaq Rule 5711(d) describes how to establish specific standards and regulatory guidelines for listing and trading commodity-based trust shares on the Nasdaq exchange. It also details requirements for initial and ongoing listings, along with monitoring and compliance measures to ensure market integrity and protect against fraudulent activity. The inclusion of surveillance sharing agreements aims to address one of the Securities and Exchange Commission’s greatest concerns: the risk of market manipulation associated with cryptocurrency trading.

BlackRock’s recently submitted amendment application

BlackRock also held a presentation highlighting the ETF’s separate model. The presentation discussed how in-kind or cash redemption models could work to support ETFs. Keeping the safety of investors in mind, the Securities and Exchange Commission has always preferred the cash redemption model. As a result, BlackRock updated its offering. The updated proposal states that BlackRock’s ETF features the SEC’s preferred cash generation and redemption mechanisms.

“These transactions are exchanged for cash. “Subject to spot regulatory approval, these transactions may also be exchangeable for Bitcoin.”

BlackRock proposed an in-kind redemption model in its initial application. Considering the SEC’s position, other applicants such as Galaxy Digital, Valkyrie, Invesco, etc. have also updated their filings.

Other companies that have met with the SEC

Bloomberg ETF analyst James Seyffart said several other companies that applied for spot Bitcoin ETFs also met with the SEC in recent weeks. These include Grayscale, Fidelity, Ark Invest, 21Shares, WisdomTree, etc.

“Grayscale had a meeting yesterday with the SEC’s Trading and Markets Division (the department responsible for approving or denying 19b-4s). We have also heard rumors of other potential spot Bitcoin ETF issuers meeting with the SEC in the last week or so.”

Experts believe the SEC will approve multiple ETFs simultaneously, and investors are patiently awaiting the committee’s decision. When BlackRock first submitted its application in June, it had an immediate impact on the price of Bitcoin, sending the asset price up more than $5,000 in a week. Bitcoin has been on the rise all year, with the asset price exceeding $43,000.

Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What should I expect from Ether Reeum price in June 2025?

June 1, 2025

Licensed platform Cryptogames shows how promotions increase player winning potential.

May 31, 2025

Dow inch high, S & P 500 caps in May since 1990

May 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Destino Devconnect-Local subsidy round that brings Argentina Onchain

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Github University 2025 emphasizes AI -based development and community buildings

June 1, 2025

Upgrade to improve the BTFS V4.0 upgrade network and improve the BTTC ecosystem

June 1, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Cronos

June 1, 2025

Elevenlabs integrates Anthropic’s Claude Sonnet 4 for Advanced AI Voice Agent.

June 1, 2025

As the whale exit is strengthened, the $ 0.32 mantra: Om is at the turning point?

June 1, 2025

What should I expect from Ether Reeum price in June 2025?

June 1, 2025

Elevenlabs improves multi -mode conversation AI user interaction

June 1, 2025

SEC back track for Rex-OSPREY Staked ETF

June 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Destino Devconnect-Local subsidy round that brings Argentina Onchain

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Github University 2025 emphasizes AI -based development and community buildings

June 1, 2025
Most Popular

Encryption Market Epidemiology: From the head wind of 2025 to the tail wind

February 16, 2025

LUNC Stuns With 300% Rise, Can It Reach Previous ATH Market Cap?

December 7, 2023

MicroStrategy shares surged 10% as the company pursues its Bitcoin banking ambitions.

October 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.