BlackRock, Nasdaq, and SEC Hold Second Meeting to Discuss Bitcoin ETF Listing Rules

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Representatives from BlackRock, Nasdaq, and the SEC met for the second time in a month to discuss rule changes necessary to list a Bitcoin ETF. The discussion focused on Nasdaq Rule 5711(d), which establishes criteria for listing and trading Commodity-Based Trust Shares, including initial and continued listing requirements as well as surveillance measures. This aims to address SEC concerns around market manipulation risks associated with crypto trading.
Transcript
00:00 It's Benzinga and here's what's on the block. Representatives from BlackRock, Nasdaq, and the
00:04 SEC met for the second time in a month to discuss rule changes necessary to list a Bitcoin ETF.
00:09 The discussion focused on Nasdaq Rule 5711, which establishes criteria for listing and trading
00:14 commodity-based trust shares, including initial and continued listing requirements, as well as
00:19 surveillance measures. This aims to address SEC concerns around market manipulation risks associated
00:24 with crypto trading. In November, BlackRock met with SEC officials and discussed two-spot Bitcoin
00:29 ETF models and recently updated its proposal to feature only cash redemptions, abiding with
00:34 SEC preferences. For all things money, visit Benzinga.com.

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