17 Mar 2025
📈Nasdaq Bitcoin Trust Proposed Rule Change Notice and Implications
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Rules Governing the Listing and Trading of Shares of the iShares Bitcoin Trust To Permit In-Kind Creations and Redemptions
Summary
The SEC has designated a longer period for action regarding Nasdaq's proposed rule change to amend listing and trading rules for the iShares Bitcoin Trust, allowing for in-kind creations and redemptions. The extension aims to give sufficient time for thorough consideration of the proposed changes and any issues raised by them.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice concerns a proposed rule change by Nasdaq to allow in-kind creations and redemptions for the iShares Bitcoin Trust. This impacts businesses involved in cryptocurrency and investment sectors, potentially affecting market activity and compliance requirements.