SEC Initiates Review of Nasdaq’s In-Kind Rule for Blackrock Bitcoin ETF
- The SEC has begun proceedings to evaluate Nasdaq’s proposed rule change.
- This rule change would allow in-kind creations and redemptions for Blackrock’s Bitcoin ETF.
- The SEC issued an order on May 13 to start these proceedings.
The SEC is assessing a proposed rule change by Nasdaq that would enable in-kind creations and redemptions for Blackrock’s Bitcoin ETF, with proceedings initiated on May 13.
Source (2.6)https://news.bitcoin.com/sec-begins-proceedings-on-blackrock-bitcoin-etf-over-in-kind-creation-model/?rand=52384
