spot_imgspot_imgspot_img

BlackRock and Nasdaq Officials Discuss Spot Bitcoin ETF Application with SEC!

  • Representatives from BlackRock and Nasdaq met with the SEC to discuss allowing spot Bitcoin exchange-traded fund (ETF) listing.
  • According to a Nov. 20 SEC note, BlackRock made a presentation detailing how the firm could use an in-kind or cash payment model for the iShares Bitcoin Trust.
  • A 2019 video by SEC Chairman Gary Gensler came to the fore again in October, in which he appears to criticize the commission’s “inconsistent” approach to spot BTC products.

BlackRock and Nasdaq officials held a meeting with the US Securities and Exchange Commission: One step closer to ETF!

BlackRock Continues Negotiations with the SEC

SEC

Representatives from BlackRock and Nasdaq met with the United States Securities and Exchange Commission (SEC) to discuss allowing a spot Bitcoin exchange-traded fund (ETF) listing.

According to an SEC note on November 20, BlackRock made a presentation detailing how the company could use an in-kind or cash payment model for the iShares Bitcoin Trust. It remains unclear how SEC officials responded to these two proposed models or whether they are considering approving the spot BTC ETF.

Many reports suggest that the SEC may be in the decision-making phase regarding a spot BTC ETF to be listed on U.S. markets. If approved, this would be one of the most significant positive trends toward mainstream crypto adoption. SEC officials also met with representatives from Grayscale on November 20 to discuss listing a Bitcoin ETF.

Other companies in line

BlackRock, Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and many other firms are among the companies with pending spot crypto ETF applications awaiting a response from the SEC. The asset management company initially submitted its application to list a spot BTC ETF on the Nasdaq stock exchange in June.

A video of SEC Chairman Gary Gensler from 2019 resurfaced in October, where he criticized the commission’s “inconsistent” approach to spot BTC products. While it remains uncertain whether the SEC chairman will support efforts for crypto-related investment instruments, the commission has previously approved ETFs linked to Bitcoin and Ether futures.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitwise Announces Massive Adoption of Spot Bitcoin ETF by Leading Investment Firm!

Bitwise has announced that Bitwise Bitcoin ETF has been adopted by an investment management firm with over $100 billion in assets.

US Senator Cynthia Lummis Supports Bitcoin Miners!

Following the recent moves by Bitcoin miners in the US, Senator Cynthia Lummis has decided to support Bitcoin miners.

Financial Advisory Firm Carson Group Approves 4 Spot Bitcoin ETF Products!

Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

Bitwise Announces Massive Adoption of Spot Bitcoin ETF by Leading Investment Firm!

Bitwise has announced that Bitwise Bitcoin ETF has been adopted by an investment management firm with over $100 billion in assets.

US Senator Cynthia Lummis Supports Bitcoin Miners!

Following the recent moves by Bitcoin miners in the US, Senator Cynthia Lummis has decided to support Bitcoin miners.

Financial Advisory Firm Carson Group Approves 4 Spot Bitcoin ETF Products!

Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.