Nasdaq has requested approval from the Securities and Exchange Commission (SEC) to facilitate 'In-Kind' Bitcoin transactions through BlackRock's IBIT. This proposal is seen as a significant development in the cryptocurrency market, potentially enhancing the liquidity and accessibility of Bitcoin trading.

Such a move could pave the way for broader institutional adoption of cryptocurrency transactions, aligning with the growing demand for diversified digital asset strategies. If approved, this initiative could bolster Nasdaq's position in the rapidly evolving crypto landscape and encourage other exchanges to explore similar avenues.