Representatives of BlackRock (BLK), Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in one month to discuss the necessary rule changes for the listing of Bitcoin. (btc) ETF, according to a published note.
“The discussion relates to a rule change proposed by NASDAQ Stock Market LLC to list shares in the iShares Bitcoin Trust and trade them under Nasdaq Stock Market Rule 5711(d),” the memo said.
Nasdaq Rule 5711(d) establishes specific standards and regulatory guidelines for listing and trading commodity-based credit stocks on Nasdaq, detailing initial and continuing listing requirements, along with monitoring and compliance measures to ensure market integrity and protection. Against fraudulent activities.
The groups also met in November to discuss the same topic. According to a published note. At last November’s meeting, BlackRock gave a presentation outlining two detailed models, in-kind and cash redemption, to support the proposed ETF.
said Michael Saylor of MicroStrategy In an appearance on Bloomberg TV this week, a potential bitcoin ETF could be the biggest development on Wall Street in 30 years, which could lead to a surge in the price of bitcoin in 2024 due to increased demand and a supply shock.
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