BlackRock Spot Bitcoin ETF Gains Momentum With Second SEC Meeting in December BlackRock, the world’s largest asset manager,
is continuing to push forward with plans to launch a spot Bitcoin exchange-traded fund (ETF). In a positive sign for the potential approval
of a spot Bitcoin ETF, BlackRock met with the United States Securities and Exchange Commission (SEC) for the second time this month to discuss BlackRock’s
proposed Bitcoin ETF. According to an SEC memo,
the December 19 meeting included BlackRock’s Head of Digital Assets Robert Mitchnick and members of the asset manager’s ETF team. Nasdaq representatives
were also present, including the exchange’s VP and Chief Regulatory Officer Joseph Cusick. The discussion
centered around Nasdaq’s proposed rule change to list and trade shares of the BlackRock iShares Bitcoin Trust. This would allow the trading of the spot
Bitcoin ETF on the Nasdaq exchange, utilizing existing guidelines under Nasdaq Rule 5711(d).
