Major cryptocurrencies experienced mixed trading on Sunday evening following a crucial meeting between BlackRock Inc (NYSE:BLK), Nasdaq representatives, and the Securities and Exchange Commission (SEC).
The meeting aimed to discuss the proposed rule regarding the listing of a spot Bitcoin exchange-traded fund (ETF).
What Happened: BlackRock presented an in-depth plan showcasing its capability to employ either an in-kind or in-cash redemption model for its iShares Bitcoin Trust.
Additionally, SEC officials held a meeting with representatives from Grayscale to deliberate the listing of a Bitcoin ETF.
BlackRock is part of a group of firms that have submitted spot crypto ETF applications to the SEC, awaiting a response. This group includes organizations such as Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Bitwise.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
Terra Classic
+30.18%
$0.0001011
Terra
+19.76%
$0.79
Axie Inifinty
+10.72%
$6.99
The global crypto market cap currently stands at $1.42 trillion, reflecting an increase of 0.01% in the past 24 hours.
Stock futures dipped on Sunday evening, signaling a potential pause in the equity market’s recent upward trend. S&P 500 and Nasdaq 100 futures slipped by 0.2% each.
Despite the potential setback, Wall Street has ...