Nasdaq has submitted an amendment for BlackRock and Valkyrie’s Spot Bitcoin Exchange-Traded Fund (ETF) 19b-4 filings, moving closer to the looming approval deadline next Wednesday. The filing of the amendment is the next step forward in the regulatory process, indicating progress in attempting to obtain approval from the U.S. Securities and Exchange Commission (SEC).
The latest Nasdaq amendment deposit for BlackRock and Valkyrie Spot Bitcoin ETF signals an intensified effort to address regulatory questions and concerns within specified time frames. As the approval deadline approaches, the amendment’s filing underscores Nasdaq’s commitment to refining and finalizing the proposal, ensuring its alignment with SEC standards.
The BlackRock Spot Bitcoin ETF has received considerable attention across the Bitcoin and financial industries, representing a potential breakthrough in providing a direct, regulated investment route for BTC to institutional and retail investors.
The recent Nasdaq filing amplifies anticipation within the Bitcoin community, with stakeholders eagerly awaiting updates on the ETF’s progress through the SEC’s evaluation process. Submitting the amendment is a crucial step, bringing the BlackRock Spot Bitcoin ETF closer to regulatory approval, potentially marking a monumental moment in the integration of Bitcoin into traditional financial markets.