Exciting News: BlackRock and Citadel Back Texas Stock Exchange
BlackRock and Citadel Securities have teamed up to support the launch of the Texas Stock Exchange (TXSE), positioning themselves in the financial market.
- The company behind TXSE secured financing of about $120 million successfully.
- The Texas Stock Exchange aims to register with the SEC by the end of 2024.
Promoting Crypto Listings
This move opens doors for the entrance of more cryptocurrency companies into the mainstream financial market, especially with the Texas Stock Exchange being poised to compete with the Nasdaq and the New York Stock Exchange.
- The financial market may increasingly favor listing ETFs and cryptocurrency companies.
- BlackRock and Citadel’s support could attract more crypto companies to the newly established stock exchange.
Positive Reactions to BlackRock and Citadel’s Move
The announcement has generated positive reactions and discussions within the financial and crypto communities.
- Enthusiasm is building around the potential listing opportunities on the Texas Stock Exchange.
- BlackRock and Citadel’s backing of the new exchange is seen as a significant development to create more listing options for ETFs.
Enhancing Crypto Presence on the Stock Market
The Texas Stock Exchange’s focus on welcoming crypto companies could be a game-changer in the industry.
- While Nasdaq currently hosts only a handful of crypto companies, the Texas Stock Exchange could be more welcoming to such listings.
- Crypto-exchanges like Coinbase and major Bitcoin mining firms could benefit from the increased opportunities.
Update on Ethereum ETF Requests
BlackRock’s recent moves come on the heels of their application for Ethereum Spot ETFs with the SEC.
- BlackRock submitted updates to the SEC regarding their Ethereum ETF request, anticipating approval soon.
- The launch of spot Ethereum ETFs on US exchanges could potentially happen by the end of June, as speculated by industry experts.
By
By
By
By
By