BlackRock and Nasdaq Met with The SEC To Discuss Listing Terms
Major firms like BlackRock and Nasdaq meet with the SEC to discuss a new Bitcoin ETF, aiming to boost Bitcoin investment and market safety.
Representatives from major financial firms like BlackRock and Nasdaq recently met with the SEC again. It was reported that they had this meeting to talk about BlakRock’s Bitcoin ETF. This ETF would be a new way for people to invest in Bitcoin through the stock market.
The published memo in the report claims they discussed Nasdaq's rules for listing ETFs, which are important to ensure that the ETF operates safely and fairly. A few of these rules include surveillance and compliance measures to ensure market integrity and protection against fraudulent activities, especially since the SEC is concerned about the chances of market manipulation in cryptocurrency trading.
BlackRock recently updated its Bitcoin ETF proposal, in this recent update,they adjustedto a cash redemption option to align with what the SEC prefers.
Michael Saylor from MicroStrategy suggested on Bloomberg TV that this Bitcoin ETF could be a big deal for Wall Street. He believes it could lead to a large increase in Bitcoin's value in 2024, as it would make it easier for more people to invest in Bitcoin.
