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- Nasdaq has resubmitted BlackRock’s application for a spot bitcoin exchange-traded fund (ETF).
- ETF applications have previously been rejected by the SEC for not providing sufficient details about crypto offerings.
- Earlier today, Cboe also resubmitted Fidelity’s rejected bitcoin ETF application.
- BlackRock’s latest filing states that Coinbase will provide market monitoring as well as BTC custody services.
Nasdaq has resubmitted Wall Street giant BlackRock Inc.’s application to offer a spot bitcoin exchange-traded fund (ETF). The second-largest stock market by market capitalization filed with the U.S. Securities and Exchange Commission (SEC) for BlackRock’s BTC ETF application. Nasdaq’s resubmission comes as the Chicago Board Options Exchange (CBOE) resubmits applications from several operators, including Fidelity and ARK Invest.
Coinbase Stock Soars After Resubmitting Multiple Bitcoin ETF Applications
according to a report BloombergNasdaq’s latest filing includes details sought by the SEC when it rejected the initial application last week.Revised archive Name Coinbase the cryptocurrency exchange that will work with BlackRock on market regulation. Oversight agreements with exchanges could play an important role in convincing securities regulators that such an agreement would reduce fraud and market manipulation, Bloomberg reported. Coinbase Also designated as custodian for BTC holdings associated with BlackRock ETFs.
The latest development sent Coinbase stock soaring. The stock has risen more than 11% since the opening bell and is currently trading at $79.9. The resubmission of multiple BTC ETF applications sparked optimism among crypto investors, which pushed the price of the flagship cryptocurrency up 2.4%. As of this writing, BTC is trading at $31,112.
Other companies that have amended their applications and refiled with the US SEC include Invesco, VanEck, 21Shares and WisdomTree.CBOE’s Amended Spot BTC ETF Application Filed on Behalf of Fidelity, WisdomTree, and ARK Invest named
Coinbase acts as a market regulated cryptocurrency trading partner. All previous applications have been rejected by the SEC for failing to name a partner in the monitoring sharing agreement,
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