BlackRock, Nasdaq and SEC Discuss Rule Changes for Bitcoin ETF Listing

Representatives from BlackRock, Nasdaq, and the SEC have met to discuss necessary rule changes for listing a spot bitcoin ETF. The meeting focused on Nasdaq's proposed rule change to list and trade shares of the iShares Bitcoin Trust. Analysts predict that a mix of catalysts and historical behavior could push bitcoin to as high as $160,000 in a bull market expected to take off in 2024, with demand from spot ETFs being a contributing factor. MicroStrategy's Executive Chairman Michael Saylor believes that the coming spot bitcoin ETFs could be the biggest development on Wall Street in 30 years.