SEC NMS rule rollback plan boosts tokenized stock outlook as U.S. spot Bitcoin ETF volume nears $2T

Analysts said the SEC proposal to roll back key NMS rules could support tokenized U.S. stocks. BlackRock filed Form 8A for its proposed yieldbearing bitcoin ETF, signaling a near launch, while U.S. spot bitcoin ETFs are set to top $2 trillion in cumulative volume in under 2.5 years. South Korea's finance ministry said tokenized stocks should be treated as securities.