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Coinbase shares soared to nearly $90 following the news that exchange operator Coby Global Markets filed amended applications for three spot BTC exchange-traded funds, adding a surveillance-sharing agreement with Coinbase.
The US Securities and Exchange Commission has not yet made a decision on the launch of such a product. It is unknown whether the lawsuit filed by the watchdog against Coinbase will affect its final decision.
reaching its highest level in almost a year
Cboe Global Markets – an American company that owns the Chicago Board Options Exchange – copied the Nasdaq’s move and filed Application for listing and trading shares of three Spot BTC ETFs, including Fidelity Digital Assets. Like Online Global Markets, Cboe added US-based crypto exchange as a monitoring partner.
Shares on the exchange reacted positively to the development, rising by 10% and at one point exceeding $90. The last time COIN traded at such a height was in August 2022.
The possible approval of the Spot BTC ETF in the United States could fuel an additional price rally for Coinbase shares. Largest asset manager in the world black RockInvesco, Valkyrie and other finance giants aspire to do the same.
However, the SEC has launched a legal battle against Coinbase, accusing the marketplace of violating multiple regulations and providing trading services with allegedly unregistered securities such as MATIC, SOL, and ADA. Disputes between institutions may play a role in the final decision of the commission.
Some experts argued that the SEC should greenlight the Spot BTC ETF if interested companies prove the safety of the product. Such is the former chairman of the securities regulator – Jay Clayton – who recently It has been told The spree of recent filings has been called an “incredible development”.
Arc Invest sees a selling opportunity
Global asset manager led by crypto proponent Cathy Wood – Arc Invest – sold 135,152 COIN shares for approximately $12 million.
This is unusual for the company, which tends to hoard Coinbase shares rather than dispose of them. This bought COIN worth $9.2 million in February and couple Another $21.6 million shortly after the SEC filed suit against the exchange last month.
Arc Invest has also joined the Spot BTC ETF race. it recently Revised Its filing said it would enter into a surveillance sharing agreement (SSA) with “an operator of a United States-based spot trading platform for bitcoin”.
ceo wood shared An optimistic outlook, confident that his entity will be the first to receive the long-awaited approval from the SEC.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Coinbase shares soared to nearly $90 following the news that exchange operator Coby Global Markets filed amended applications for three spot BTC exchange-traded funds, adding a surveillance-sharing agreement with Coinbase.
The US Securities and Exchange Commission has not yet made a decision on the launch of such a product. It is unknown whether the lawsuit filed by the watchdog against Coinbase will affect its final decision.
reaching its highest level in almost a year
Cboe Global Markets – an American company that owns the Chicago Board Options Exchange – copied the Nasdaq’s move and filed Application for listing and trading shares of three Spot BTC ETFs, including Fidelity Digital Assets. Like Online Global Markets, Cboe added US-based crypto exchange as a monitoring partner.
Shares on the exchange reacted positively to the development, rising by 10% and at one point exceeding $90. The last time COIN traded at such a height was in August 2022.
The possible approval of the Spot BTC ETF in the United States could fuel an additional price rally for Coinbase shares. Largest asset manager in the world black RockInvesco, Valkyrie and other finance giants aspire to do the same.
However, the SEC has launched a legal battle against Coinbase, accusing the marketplace of violating multiple regulations and providing trading services with allegedly unregistered securities such as MATIC, SOL, and ADA. Disputes between institutions may play a role in the final decision of the commission.
Some experts argued that the SEC should greenlight the Spot BTC ETF if interested companies prove the safety of the product. Such is the former chairman of the securities regulator – Jay Clayton – who recently It has been told The spree of recent filings has been called an “incredible development”.
Arc Invest sees a selling opportunity
Global asset manager led by crypto proponent Cathy Wood – Arc Invest – sold 135,152 COIN shares for approximately $12 million.
This is unusual for the company, which tends to hoard Coinbase shares rather than dispose of them. This bought COIN worth $9.2 million in February and couple Another $21.6 million shortly after the SEC filed suit against the exchange last month.
Arc Invest has also joined the Spot BTC ETF race. it recently Revised Its filing said it would enter into a surveillance sharing agreement (SSA) with “an operator of a United States-based spot trading platform for bitcoin”.
ceo wood shared An optimistic outlook, confident that his entity will be the first to receive the long-awaited approval from the SEC.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
