Nasdaq

Nasdaq Proposes Bitcoin Transfers for BlackRock Spot Bitcoin ETF

January 27, 2025
Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) on behalf of asset manager BlackRock, seeking approval to allow in-kind creation and redemption for its spot Bitcoin exchange-traded fund (ETF), the BlackRock iShares Bitcoin Trust (IBIT). The January 24 filing outlines a proposed rule change that would allow authorized participants, typically