Tag: ETF

Valkyrie submits application for spot bitcoin ETF, partners with Coinbase

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto asset management firm Valkyrie has applied for a spot bitcoin ETF and has enlisted Coinbase as its Surveillance Sharing Agreement (SSA) partner. This move follows a trend of similar filings to the U.S. Securities and Exchange Commission (SEC) by industry behemoths BlackRock and Fidelity earlier this month. Valkyrie also re-filed their 19b-4, like BlackRock they mention specific SSA agreement w/ Coinbase, even seems more aggressive (more use of the words ‘executed’ and ‘agreement’) They also,…

CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing

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The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData’s monthly exchange report. Binance, Binance.US and Coinbase all saw their market share decline in the past month. As per the report, the first rise in trading volume in three months was backed by BlackRock’s exchange-traded fund (ETF) filing and regulators’ complaints against crypto exchanges Binance and Coinbase in the United States. Binance saw a surge in withdrawals following the Securities and Exchange Commission (SEC) lawsuit on June 5. As…

Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing

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Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday. The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded. Valkyrie, like other asset managers, names Coinbase as its partner for the contentious surveillance-sharing agreement meant to tackle market manipulation. Trillion-dollar asset manager Valkyrie Digital Assets submitted another application for a spot Bitcoin ETF after the U.S. Securities and Exchange Commission rejected previous attempts, saying that the filings did…

Nasdaq refiles Valkyrie’s spot Bitcoin ETF application, includes Coinbase as surveillance partner

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The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase. According to a July 3 filing with the U.S. Securities and Exchange Commission, the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of a spot Bitcoin (BTC) ETF for the Valkyrie Bitcoin Fund. The filing included details of a June 30 agreement with Coinbase aimed at giving Nasdaq “supplemental access to data regarding spot Bitcoin trades.”…

Coinbase Stock (COIN) Explodes After Crypto Exchange Named in New Bitcoin ETF Filing

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Shares of Coinbase (COIN) are up after news that exchange operator Cboe Global Markets has refiled its spot Bitcoin exchange-traded fund (ETF) application. The U.S Securities and Exchange Commission (SEC) previously rejected Cboe’s application, which was filed on behalf of financial giants BlackRock and Fidelity, for being unclear and incomprehensive. Bloomberg senior ETF analyst Eric Balchunas said at the time that there were certain details that the SEC wanted, including the naming of a crypto exchange to help facilitate the ETF. “Basically [the] SEC wants them to name the ‘crypto…

BlackRock files new bitcoin ETF application amid SEC’s concerns

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BlackRock has submitted a new application for a bitcoin spot market ETF after the SEC identified flaws in its initial filing. If approved, this would mark the first bitcoin spot ETF to receive regulatory clearance. In a new filing submitted through Nasdaq, the asset management firm revealed plans to address one of the main objections raised by the Securities and Exchange Commission (SEC) by finalizing a surveillance agreement with Coinbase, the leading US-based crypto exchange. The…

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC

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Nasdaq has refiled BlackRock’s application for a Spot Bitcoin exchange-traded fund (ETF).  The ETF application was previously rejected by the SEC for not providing sufficient details about the crypto product.  The Chicago Board Options Exchange also refiled Fidelity’s rejected Bitcoin ETF application earlier today.  BlackRock’s latest application stated that Coinbase would provide market surveillance as well as BTC custody services. Nasdaq has refiled Wall Street giant BlackRock Inc.’s application for offering a spot Bitcoin exchange-traded fund (ETF). The second largest stock market by market capitalization submitted BlackRock’s BTC ETF application…