Opportunity
Federal Register #SR-NASDAQ-2025-085
SEC Requests Comments on Nasdaq Proposal to List iShares Bitcoin Premium Income ETF
Buyer
Securities and Exchange Commission
Posted
May 13, 2026
Identifier
SR-NASDAQ-2025-085
NAICS
523210, 523120, 523999
The Securities and Exchange Commission (SEC) is seeking public comments on a proposed rule change from The Nasdaq Stock Market LLC regarding the listing and trading of the iShares Bitcoin Premium Income ETF. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - The Nasdaq Stock Market LLC (Nasdaq) - BlackRock (iShares) - Products/Services Requested: - Approval to list and trade shares of the iShares Bitcoin Premium Income ETF under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares) - The ETF will be actively managed, investing primarily in: - Spot bitcoin - Shares of the iShares Bitcoin Trust ETF (IBIT) - Cash - Premiums from written options - Unique or Notable Requirements: - The ETF is actively managed, not passively managed as typically required under the Generic Listing Standards - The proposal aims to provide a transparent, regulated investment vehicle for bitcoin exposure - The SEC is requesting written data, views, and arguments from interested parties regarding the consistency of the proposed rule change with the Securities Exchange Act - No specific purchase quantities or part numbers are provided, as this is a regulatory solicitation for feedback, not a procurement of goods or services.
Description
The Nasdaq Stock Market LLC is filing a proposed rule change to list and trade shares of the iShares Bitcoin Premium Income ETF under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares), as modified by Amendment No. 1. The Trust will be actively managed and will invest primarily in spot bitcoin, shares of iShares Bitcoin Trust ETF, and cash, including premiums associated with written options. The proposal aims to provide a transparent, regulated investment vehicle for bitcoin exposure, meeting all other requirements under the Generic Listing Standards. The Securities and Exchange Commission is soliciting comments on this proposed rule change.