Nasdaq filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to let in-kind creation and redemption take place for the BlackRock iShares Bitcoin Trust (IBIT). This could hugely boost the operating efficiency of the largest spot Bitcoin exchange-traded fund on the market. In-kind creation and redemption
Nasdaq is one of the reputed stock exchange platforms and financial services corporations in the US. Despite being a renowned firm, it couldn’t avoid social media hackers from hacking its official X account. When a hacker compromised its account and promoted STONKS memecoin, its market capitalization skyrocketed. As per the
Nasdaq ISE has filed a proposal with the SEC to raise the position and exercise limits for iShares Bitcoin Trust ETF (IBIT) options. The exchange seeks to increase these limits from 25,000 to 250,000 contracts. This move reflects the ETF’s growing market cap and rising trading volume. Nasdaq ISE Proposes
Phoenix Group, the UAE’s first cryptocurrency company on the Abu Dhabi Securities Exchange (ADX), has announced plans for a dual listing on Nasdaq in 2025. This strategic move aims to enhance the company’s international market presence and strengthen its position as a global leader in blockchain and cryptocurrency. Founded in
The United States Securities and Exchange Commission (SEC) has approved two groundbreaking crypto exchange-traded funds (ETFs). These include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. The decision marks the first time ETFs combining spot Bitcoin and Ethereum have received regulatory clearance. SEC has *approved*
MicroStrategy Incorporated, the world’s largest corporate holder of Bitcoin, is to join the Nasdaq-100 Index. This will take effect before the market opens on December 23, 2024, as part of the index’s annual reconstitution. Under the leadership of Executive Chairman Michael Saylor, MicroStrategy began its Bitcoin acquisition strategy in 2020
Coincheck, a leading Japanese cryptocurrency exchange, has officially debuted on the Nasdaq Global Market under the ticker “CNCK.” The listing follows its merger with Thunder Bridge IV, a special purpose acquisition company (SPAC). This makes Coincheck the second regulated crypto exchange to list on Nasdaq, following Coinbase’s 2021 debut. The
As Nasdaq investors take notice of the crypto market, past chart’s long-term analysis have shown that a few names always seem to rise to the top: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, occasionally, a relatively unknown company appears in the market, draws the attention of experienced professionals, and
Nasdaq, a major American stock exchange operator, is seeking approval from U.S. regulators to launch options on a Bitcoin index. On August 27, Nasdaq announced its intention to offer index options on the Bitcoin index, providing institutions and traders with a new avenue to hedge their Bitcoin exposure. The proposed
On Wednesday’s earnings call, CEO and President Adena Friedman said that Nasdaq (NDAQ) will not be launching its planned cryptocurrency custody service in the second quarter of this year. The American stock exchange giant said in September 2022 that it was assembling the necessary infrastructure and regulatory permission to launch
