Blackstone and Nasdaq meet with SEC over Bitcoin ETF filing

Blackstone Group and Nasdaq met with the Trading and Markets division of the U.S. Securities and Exchange Commission (SEC) on Tuesday to discuss the asset management company's application to launch a physically-backed bitcoin ETF. The meeting included Robert Mitchnick, head of Blackstone Digital Assets, and members of the asset management company's ETF team. Joseph Cusick, Vice President and Chief Regulatory Officer of Nasdaq, Giang Bui, Head of U.S. Equities and Tradable Products, and Alison Doyle, Head of ETP Listings, also attended the meeting. This meeting is one of a series of meetings between Blackstone Group and the SEC regarding the bitcoin ETF application. Analysts believe that at least one physically-backed bitcoin ETF will receive SEC approval by 2024.