BlackRock, Nasdaq, SEC Meet to Discuss Bitcoin ETF Listing Rule Changes
• Representatives from BlackRock, Nasdaq, and SEC met to discuss rule changes to list a bitcoin ETF • The discussion concerned Nasdaq's proposed rule change to list and trade shares of the iShares Bitcoin Trust • Nasdaq Rule 5711(d) establishes criteria and guidelines for listing Commodity-Based Trust Shares • The inclusion of a surveillance-sharing agreement aims to mitigate market manipulation risks associated with crypto trading • BlackRock revised its spot bitcoin ETF proposal to include cash redemptions, aiming to meet SEC preferences