BlackRock, Nasdaq and the U.S. SEC held a meeting on Bitcoin ETF spot trading
According to a published memorandum, representatives from BlackRock, Nasdaq, and the U.S. Securities and Exchange Commission (SEC) met for the second time within a month to discuss rule changes required for the listing of spot Bitcoin ETFs. The meeting discussed rule changes proposed by Nasdaq Stock Market LLC under Nasdaq Rule 5711(d) for the listing and trading of iShares Bitcoin Trust shares. Nasdaq Rule 5711(d) sets out specific standards and regulatory guidelines for commodity trust shares to be listed and traded on the Nasdaq exchange, detailing requirements for initial listings as well as ongoing listings, along with oversight measures ensuring market integrity and preventing fraudulent activities.
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