BlackRock, Nasdaq, SEC Meet Again: Analyst Speculates On Possible Pre-Holiday Bitcoin ETF Approval
Portfolio Pulse from Khyathi Dalal
BlackRock (BLK), Nasdaq (NDAQ), and SEC officials met for the second time to discuss Nasdaq's proposed rule change for listing a Bitcoin ETF. The meeting covered the iShares Bitcoin Trust's listing under NASDAQ Rule 5711(d) and included discussions on creation and redemption methodologies. BlackRock's revised S-1 filing indicates a preference for cash redemptions. Analyst Timbo speculated on Twitter about a potential pre-holiday approval of a Bitcoin ETF.
December 20, 2023 | 3:47 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BlackRock's involvement in discussions with the SEC and Nasdaq about a Bitcoin ETF could signal progress in the cryptocurrency space, potentially impacting BLK's stock.
BlackRock's active participation in discussions about a Bitcoin ETF and the revised S-1 filing suggest a strong interest in the cryptocurrency market, which could be seen positively by investors. If an ETF is approved, it may lead to increased trust and investment in BlackRock's offerings.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nasdaq's proposed rule change for listing a Bitcoin ETF and the ongoing discussions with the SEC could impact NDAQ's stock if the ETF is approved.
Nasdaq's involvement in the rule change proposal for a Bitcoin ETF listing indicates its commitment to expanding into the cryptocurrency ETF market. Approval of such an ETF would likely be seen as a positive development for NDAQ, potentially increasing trading volumes and revenue.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80