BlackRock and Nasdaq Representatives Meet SEC to Discuss Bitcoin Spot ETF Listing

Representatives from BlackRock and Nasdaq recently met with the U.S. Securities and Exchange Commission (SEC) to discuss the listing of a Bitcoin Spot ETF. During the November 20 meeting, BlackRock presented two models for the proposed Bitcoin iShares Trust: an in-kind redemption model and a cash redemption model. However, the SEC’s response to these models and its stance on approving a BTC Spot ETF remains unclear, following previous delays and rejections.

SEC’s Deliberation on Crypto ETFs

The SEC’s decision on BlackRock’s proposal for a Bitcoin Spot ETF is highly anticipated as it could mark a turning point for widespread crypto adoption in U.S. markets. This meeting coincides with Grayscale’s efforts to list a Bitcoin Spot ETF based on its GBTC trust, indicating growing interest in crypto-related investment vehicles among top asset managers. The outcome could potentially influence the SEC’s future approach to crypto ETFs.

Several firms, including Fidelity, WisdomTree, and VanEck, have pending requests for Bitcoin and Ethereum Spot ETFs with the SEC.