12 Feb 2025
💰Nasdaq Proposes In-Kind Transfers for iShares Bitcoin Trust
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Update Certain Representations Relating to Shares of the iShares Bitcoin Trust To Allow for In-Kind Transfers of the Trust's Bitcoin
Summary
The SEC is considering a proposed rule change by Nasdaq to allow in-kind transfers of bitcoin for the iShares Bitcoin Trust, enhancing trading efficiency and flexibility in transactions. This amendment responds to the growing interest in crypto investments, enabling a streamlined process for Authorized Participants amid increasing market activity.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows for in-kind transfers of Bitcoin by the iShares Bitcoin Trust, which may enhance operational efficiency and reduce market impacts during transactions. This change facilitates new investment strategies and offers flexibility for Authorized Participants, impacting business owners involved in trading and investments.