14 Jul 2025
💰Nasdaq Proposes Bitcoin Trust Rule Change for In-Kind Transactions
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 2, To Amend the Rules Governing the Listing and Trading of the iShares Bitcoin Trust To Permit In-Kind Creations and Redemptions
Summary
The Securities and Exchange Commission has published a notice regarding The Nasdaq Stock Market's proposal to amend rules for the iShares Bitcoin Trust. The proposed changes involve permitting in-kind creations and redemptions for trust shares, aiming to enhance efficiency and operational flexibility in trading operations. The notice also invites comments from interested parties on these amendments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows the iShares Bitcoin Trust to implement in-kind transfers, enhancing operational flexibility for Authorized Participants. This could improve trading operations and market efficiency, directly affecting investors and stakeholders in the cryptocurrency market.