34.8 C
Dubai
Monday, April 22, 2024
spot_img

Nasdaq Resubmits BlackRock Bitcoin ETF Application to SEC

[ad_1]

  • 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,

[ad_2]

Source link

Related Articles

Veesham Printing Press – Pioneering Personalized Printing Solutions

In today's fast-paced and increasingly personalized world, where individuality reigns supreme, the demand for tailored printing solutions has never been higher. Enter Veesham Printing...

Aspire Education Academy: Empowering Futures through Multidisciplinary Training in the UAE

Aspire Education Academy in the UAE offers diverse training programs, focusing on career development and academic excellence. Accredited and internationally recognized, it provides a...

PM Modi Empowering Engagement: Leaves Indian Gaming Community Impressed with Playthrough of Video Game Inspired by Hindu Mythology.

PM Modi's Inspiring Engagement: Leaves Indian Gaming Community Enthralled with Playthrough of Video Game Inspired by Hindu Mythology In the wake of a groundbreaking rendezvous...

WHO Issues Warning on Human Cases of Bird Flu, Identifies Search for New Hosts

WHO Raises Alarm over Global Spread of H5N1 Bird Flu Pandemic In a stark warning, the World Health Organization (WHO) has sounded the alarm over...

Pakistan Forceful Block of Social Media Platform X Draws Global Ridicule

Pakistan Draconian Ban on Social Media Platform X Mocked by Court. The Elon Musk-owned social media platform X has been suspended in Pakistan since February,...

Latest Articles