🌙 BlackRock and Nasdaq Meet with SEC

This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF.

Author

Mike Gavela
December 20, 2023

Crypto Roundup - Dec 20

BlackRock and Nasdaq met with the SEC regarding a Bitcoin ETF proposal. These meetings indicate increasing interest and efforts in the crypto ETF space. Separately, a court ruling has blocked Digital Currency Group (DCG) from changing ownership of its subsidiary, Genesis, during bankruptcy proceedings. This decision aims to preserve Genesis's potential future tax savings.

Top Stories:

  • BlackRock and Nasdaq Meet with SEC: Discussions focused on a Bitcoin ETF, signaling growing interest in cryptocurrency-based ETFs.

  • Repeated Meetings Indicate Progress: BlackRock's ETF team has met with the SEC five times, suggesting ongoing negotiations and possible advancements in ETF proposals.

  • Genesis Ownership Change Blocked: A court ruling prevents DCG from altering Genesis's ownership during bankruptcy, aimed at protecting potential tax benefits.

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TOP STORIES

BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF

This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF.

www.coindesk.com/markets/2023/12/20/blackrock-nasdaq-sec-met-regarding-bitcoin-etf

BlackRock's bitcoin ETF team has met 5 times with the SEC

Pooling BlackRock’s meetings with the rest of the ETF hopefuls, the agency has met 24 times with applicants.

blockworks.co/news/blackrock-etf-team-meetings-sec

DCG can't change Genesis ownership during bankruptcy, orders judge

Genesis said that the carryforwards could “translate into future tax savings."

blockworks.co/news/genesis-ownership-changes-blocked

FUNDRAISES

OTHER HEADLINES

Crypto Jobs Plunged +80% to a Near Death in 2023 - The Defiant

Crypto-related jobs plunged this year as a volatile market and regulatory uncertainty prompted businesses to slash their blockchain units while others shuttered.

thedefiant.io/crypto-jobs-plunged-80-to-a-near-death-in-2023

Solana Leapfrogs XRP as Fifth-Largest Crypto, Spurred by Meme Coin Mania

SOL is trading at a 20-month high on the back of a bustling DeFi ecosystem and meme coin mania.

www.coindesk.com/markets/2023/12/20/solana-leapfrogs-xrp-as-fifth-largest-crypto-spurred-by-meme-coin-mania

SEI Surges To All-time High As ‘Parallelized’ Layer 1s Rally - The Defiant

Blockchains that allow multiple transactions to be executed simultaneously are seeing renewed investor interest.

thedefiant.io/sei-surges-to-all-time-high-as-parallelized-layer-1s-rally

Two risks to watch once spot Bitcoin ETFs start trading

Investors put too much emphasis on Bitcoin ETF flows without considering second order effects, Coinbase analyst David Duong says.

www.dlnews.com/articles/snapshot/two-risks-to-watch-once-spot-bitcoin-etfs-start-trading

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