{"id":159011,"date":"2023-12-20T11:21:50","date_gmt":"2023-12-20T11:21:50","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=159011"},"modified":"2023-12-20T11:21:54","modified_gmt":"2023-12-20T11:21:54","slug":"blackrock-meets-with-sec-to-agree-on-changes-required-for-its-bitcoin-etf-listing","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/blackrock-meets-with-sec-to-agree-on-changes-required-for-its-bitcoin-etf-listing\/","title":{"rendered":"BlackRock Meets with SEC to Agree on Changes Required for its Bitcoin ETF Listing"},"content":{"rendered":"
In a recent development, officials from BlackRock, Nasdaq, and the U.S. Securities and Exchange Commission (SEC) convened for their second meeting within a month.<\/strong> The focus of their discussion was on the amendments required to facilitate the listing of a Bitcoin Exchange-Traded Fund (ETF<\/a>), as per an official document<\/a>.<\/span><\/p>\n The conversation revolved around the proposed amendments by The NASDAQ Stock Market LLC to list and trade shares of the iShares Bitcoin Trust, as per Nasdaq Rule 5711(d), according to the memorandum.<\/span><\/p>\n Nasdaq Rule 5711(d) sets forth explicit standards and regulatory protocols for the listing and trading of Commodity-Based Trust Shares on the Nasdaq Exchange.<\/strong> It outlines the prerequisites for both initial and continued listing, in addition to monitoring and compliance procedures to uphold market integrity and safeguard against illicit activities.<\/span><\/p>\nBlackRock\u2019s Strategy: Safeguarding Bitcoin ETFs<\/span><\/h2>\n
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