Nasdaq submits amendments to BlackRock’s spot Bitcoin ETF, approval deadline approaching

Nasdaq has filed an amendment to BlackRock and Valkyrie’s spot Bitcoin exchange-traded fund (ETF) 19b-4 filing, nearing its approval deadline this coming Wednesday. The filing of this amendment marks the next step in the regulatory process and indicates that a bidding process is underway to secure approval from the U.S. Securities and Exchange Commission (SEC).

Nasdaq’s latest amendment filing for the BlackRock and Valkyrie Spot Bitcoin ETF represents stepped-up efforts to address regulatory inquiries and concerns within a specified time period. As the approval deadline approaches, the filing of amendments highlights Nasdaq’s commitment to refine and finalize the proposal and align it with SEC standards.

The BlackRock Spot Bitcoin ETF has garnered significant attention in the Bitcoin and financial sectors, representing a potential breakthrough in providing institutional and retail investors with a direct, regulated means of investing in BTC.

Nasdaq’s recent filing has heightened anticipation within the Bitcoin community, with stakeholders eagerly awaiting updates on the ETF’s progress through the SEC’s evaluation process. The filing of the amendment marks a pivotal move that moves the BlackRock Spot Bitcoin ETF one step closer to regulatory approval, potentially marking a landmark moment for the integration of Bitcoin into traditional financial markets.