EddieJayonCrypto

 20 Dec 23

tl;dr

Representatives from BlackRock, Nasdaq, and the SEC met to discuss necessary rule changes for listing a bitcoin ETF, specifically focusing on Nasdaq Rule 5711(d) and surveillance-sharing agreements to mitigate market manipulation risks. BlackRock presented in-kind and in-cash redemption models for t...

Representatives from BlackRock, Nasdaq, and the SEC recently convened to discuss rule changes for listing a bitcoin ETF, emphasizing Nasdaq Rule 5711(d) and surveillance-sharing agreements to mitigate market manipulation risks.

During the meeting, BlackRock presented in-kind and in-cash redemption models for their proposed ETF and subsequently revised the proposal to include cash redemptions to align with SEC preferences. Additionally, industry expert Michael Saylor of MicroStrategy anticipates potential bitcoin ETFs could trigger a significant bull run in 2024, driven by heightened demand and a supply shock.

Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24