BlackRock and Nasdaq met the U.S. Securities and Exchange Commission (SEC)’s Division of Trading and Markets Tuesday to discuss the asset manager’s bid to launch a spot Bitcoin ETF.

According to a memo released by the SEC, the meeting included BlackRock’s Head of Digital Assets, Robert Mitchnick, along with personnel from the asset manager’s ETF team. Also participating were Nasdaq’s VP and Chief Regulatory Officer Joseph Cusick, Head of U.S. Equities and Exchange-Traded Products Giang Bui and Head of ETP Listings Alison Doyle. Heading up the SEC’s team were David Shillman and Eric Juzenas, Associate Directors in the regulator’s Division of Trading and Markets.

Per the memo, the discussion related to the Nasdaq’s “proposed rule change to list and trade shares of the iShares Bitcoin Trust under NASDAQ Rule 5711(d).”

Rule 5711(d) provides guidelines for the listing of Commodity-Based Trust Shares, and the criteria for initial and continued listing including compliance requirements.

The meeting comes on the heels of yesterday’s ame

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Author: Stephen Graves

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