News Formal

Coinbase surges after Cboe names crypto exchange in bitcoin ETF application

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Shares of Coinbase , the largest U.S. cryptocurrency platform, jumped 13% on Monday after exchange operator Cboe said it was working with the cypto company in its effort to launch a spot bitcoin exchange-traded fund.

The SEC has rejected dozens of spot bitcoin ETF applications in recent years, saying they did not meet the standards designed to prevent fraudulent and manipulative practices and protect investors. The ETF industry is trying to find a way to address that concern.

Bitcoin was trading at $31, 029, up 1.32% while Ethereum, the world's second-largest cryptocurrency, rose 1.94% to $1,964.Our Standards:Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase, Microstrategy Shares Rally After Cboe Refiles Bitcoin ETF ApplicationsBitcoin-adjacent stocks rallied on Monday in response to Friday's news that Cboe's BZX Exchange had refiled its applications for several spot bitcoin ETFs. $BTC $COIN $MSTR By JamieCrawleyCD
Source: CoinDesk - 🏆 291. / 63 Read more »

Coinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs: FilingsCboe's BZX Exchange named Coinbase as the market for its surveillance-sharing agreement, when it refiled its spot bitcoin ETF fund applications for several would-be bitcoin ETF issuers on Friday. This comes after the SEC reportedly said recent spot bitcoin ETF applications were 'inadequate.' CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments for U.S. crypto regulation.
Source: CoinDesk - 🏆 291. / 63 Read more »