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What will be the SEC's decision on NYSE and Nasdaq's rule changes for in-kind transactions by September 30, 2025?
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Resolution / Starting Odds
Both Approved • 33%
Only NYSE Approved • 33%
Only Nasdaq Approved • 33%
Neither Approved • 33%
Official announcements or filings by the SEC
Story
BlackRock's $11 Trillion iShares Bitcoin Trust ($IBIT) Files for In-Kind Redemptions, NYSE and Nasdaq Follow
Jan 24, 2025, 09:14 PM
BlackRock Inc.'s iShares Bitcoin Trust ($IBIT), part of a firm with a $11 trillion valuation, has filed for in-kind redemptions, allowing investors to redeem their shares for actual Bitcoin instead of cash. This move marks a shift from the trust's previous filings which focused on cash redemptions. The filing also includes provisions for in-kind creations, enabling investors to deposit Bitcoin into the trust. Both the NYSE and Nasdaq have filed proposed rule changes with the U.S. Securities and Exchange Commission (SEC) to facilitate these in-kind transactions for the iShares Bitcoin ETF.
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Other response • 25%
Proposes new rule • 25%
Appeals ruling • 25%
Takes no further action • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No action taken • 25%
Decision appealed • 25%
Further explanation without new rules • 25%
New rules issued • 25%
No change • 25%
Stricter regulations • 25%
Other • 25%
Looser regulations • 25%
Approve petition • 25%
No decision by deadline • 25%
Deny petition without significant changes • 25%
Deny petition with revised explanation • 25%
Approved • 25%
Rejected • 25%
Delayed • 25%
Withdrawn • 25%
Other • 25%
No significant change • 25%
Increased regulations • 25%
Decreased regulations • 25%