Coinbase Stock Rallies As CBOE Amends Bitcoin ETF Applications
Crypto Market News: The recent notice from the U.S. Securities and Exchange Commission (SEC) that the Bitcoin ETF applications were not sufficiently adequate or comprehensive brought US based crypto exchange Coinbase to the limelight. In a latest, U.S. options exchange CBOE on Tuesday filed amendments for all the five of its Bitcoin ETF applications. The new filings effectively showed that it reached an agreement with Coinbase to enter into a surveillance sharing agreement. Meanwhile, the Coinbase stock price rose significantly on Tuesday, even as the wider financial markets remain largely flat over anticipation of the consumer price index (CPI) data.
Also Read: Is Bitcoin Bracing For A Rally With US CPI Data?
The new filing showed that CBOE reached an agreement with Coinbase on June 21, 2023, based on which the two parties will finalize and execute an agreement. Earlier, Blackrock, the world’s largest asset manager, also reached an surveillance sharing agreement (SSA) with Coinbase. Other companies like Valkyrie, Bitwise, Invesco, and WisdomTree have also applied for approval of Bitcoin ETFs.
CBOE Reaches SSA Agreement With Coinbase For Bitcoin ETFs
The latest filings showed a clear change from “expecting to enter” an agreement to “reached an agreement on terms.” The filing said,
“On June 21, 2023, the Exchange reached an agreement on terms with Coinbase Inc., an operator of a United States-based spot trading platform for Bitcoin.”
The Coinbase Global Inc stock price ($COIN) saw an impressive 10% jump on Tuesday, thanks to the Cboe amendment news.
Also Read: Vitalik Buterin Linked Whale Moves 2,013 Ethereum to OKX, is a Selloff Incoming?
- Hyperliquid DEX Outperforms Top Crypto Exchanges Coinbase, Binance, Robinhood With Zero Downtime
- Crypto Market Loses $670 Billion on CEX Auto Liquidations, Altcoins Crash Intensifies
- Crypto Market Crash With 100% Trump Tariff Announcement on China
- ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations
- U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
