Watching Bitcoin; The Block Reports 'Nasdaq to meet with SEC today to discuss spot bitcoin ETFs: Source'
Portfolio Pulse from Benzinga Newsdesk
Nasdaq is reportedly meeting with the SEC to discuss the potential approval of spot Bitcoin ETFs, according to The Block. This meeting could be a significant step towards the introduction of Bitcoin ETFs that directly track the spot price of Bitcoin, rather than futures-based products.
January 03, 2024 | 6:20 pm
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Nasdaq's meeting with the SEC to discuss spot Bitcoin ETFs could signal a progressive stance on cryptocurrency products, potentially attracting more investors to the exchange.
The news of Nasdaq engaging with the SEC over Bitcoin ETFs suggests that the exchange is actively involved in the cryptocurrency space. If the SEC responds positively, it could lead to increased trading volumes and higher revenues for Nasdaq, thus potentially boosting its stock price in the short term.
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