According to the latest memorandum issued by the U.S. Securities and Exchange Commission (SEC), on Tuesday (December 19) local time, staff from the SEC's trading and market department and corporate finance department held another working meeting with BlackRock and NASDAQ exchange staff. The main content of the meeting was that the three parties discussed what rule changes proposed by the Nasdaq exchange in order for BlackRock BTC ETF to be listed.
The Nasdaq Rule 5711(d) referred to in the memorandum is the standard and guidance set by the Exchange for the listing and trading of "commodity-based trust shares", including requirements for initial and continuing listings, as well as monitoring and compliance measures. According to previous reports, the SEC's biggest concern about BTC spot ETFs is that they "can't trust cryptocurrency exchanges". In an attempt to convince regulators to nod their heads, Nasdaq proposed a "shared monitoring agreement" with exchanges that conduct BTC spot trading.
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According to the latest memorandum issued by the U.S. Securities and Exchange Commission (SEC), on Tuesday (December 19) local time, staff from the SEC's trading and market department and corporate finance department held another working meeting with BlackRock and NASDAQ exchange staff. The main content of the meeting was that the three parties discussed what rule changes proposed by the Nasdaq exchange in order for BlackRock BTC ETF to be listed.
The Nasdaq Rule 5711(d) referred to in the memorandum is the standard and guidance set by the Exchange for the listing and trading of "commodity-based trust shares", including requirements for initial and continuing listings, as well as monitoring and compliance measures.
According to previous reports, the SEC's biggest concern about BTC spot ETFs is that they "can't trust cryptocurrency exchanges". In an attempt to convince regulators to nod their heads, Nasdaq proposed a "shared monitoring agreement" with exchanges that conduct BTC spot trading.