{"id":80230,"date":"2024-06-05T04:18:04","date_gmt":"2024-06-05T08:18:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80230"},"modified":"2024-06-05T04:18:07","modified_gmt":"2024-06-05T08:18:07","slug":"blackrock-and-citadel-support-new-texas-national-stock-exchange","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blackrock-and-citadel-support-new-texas-national-stock-exchange\/","title":{"rendered":"BlackRock and Citadel Support New Texas National Stock Exchange"},"content":{"rendered":"\n

BlackRock and Citadel back the Texas Stock Exchange<\/a>, which has secured $120 million and plans to file with the SEC by year-end.<\/p>\n\n\n\n

\"BlackRock
BlackRock and Citadel Support New Texas National Stock Exchange<\/figcaption><\/figure>\n\n\n\n

According to reports, a company that is establishing a new national stock exchange<\/a> in Texas has received the support of the world's largest asset manager, BlackRock, and market maker Citadel Securities.<\/p>\n\n\n\n

According to a June 4 Wall Street Journal report, the Texas Stock Exchange (TXSE) has reportedly already secured approximately $120 million in funding and plans to submit registration statements with the U.S. Securities and Exchange Commission (SEC) by the end of the year.<\/p>\n\n\n\n

Another prospective alternative for crypto companies seeking to go public is the stock exchange of the pro-crypto state.<\/p>\n\n\n\n

So far, the Nasdaq stock exchange has listed a small number of cryptocurrency firms<\/a>, including the cryptocurrency exchange Coinbase (COIN) and significant Bitcoin mining firms Riot Platforms (RIOT) and Marathon Digital (MARA).<\/p>\n\n\n\n

Nevertheless, the 11 spot Bitcoin exchange-traded funds (ETFs) that were certified starting in January 2011 are listed on both the Nasdaq and the New York Stock Exchange (NYSE). According to reports, the TXSE is focused on obtaining ETF listings.<\/p>\n\n\n\n

The announcement was issued mere weeks after the Securities and Exchange Commission (SEC) authorized the identification of Ether ETFs in the United States. Eric Balchunas, an analyst at Bloomberg ETFs, recently predicted that spot Ether ETFs have a “real possibility” of being launched by the end of June.<\/p>\n\n\n\n

The introduction of a new stock exchange is also advantageous for investors who are interested in acquiring exposure to cryptocurrency, as it will increase the level of competition between the two main exchanges, Nasdaq and NYSE.<\/p>\n\n\n\n

This competition has the potential to result in reduced fees for companies, which could facilitate the process of going public for crypto firms<\/a>, such as Bitcoin miners.<\/p>\n\n\n\n

When there is positive news or anticipation in the crypto industry, such as the approval of spot Bitcoin ETFs or in the lead-up to the Bitcoin halving event, Bitcoin mining stocks typically experience a surge.<\/p>\n\n\n\n

It was reported that several Bitcoin mining firms on the Nasdaq stock exchange concluded the trading week with a distinct 24-hour increase in share prices prior to the Bitcoin halving\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

BlackRock and Citadel back the Texas Stock Exchange, which has secured $120 million and plans to file with the SEC by year-end. According to reports, a company that is establishing a new national stock exchange in Texas has received the support of the world’s largest asset manager, BlackRock, and market maker Citadel Securities. According to […]<\/p>\n","protected":false},"author":36,"featured_media":80232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1520,5467,1131],"class_list":["post-80230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blackrock","tag-citadel","tag-stock-exchange"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/LYNXNPEC9H16Q_L.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80230"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80232"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}