spot_imgspot_imgspot_img

Cboe Enters Agreement with Coinbase for Spot Bitcoin ETFs

  • The US options exchange CBOE has submitted a new regulation by making changes for five Bitcoin ETF applications.
  • The new applications effectively demonstrated that it reached an agreement with Coinbase for sharing supervision.
  • Previously, Blackrock, the world’s largest asset manager, had also made a supervision sharing agreement (SSA) with Coinbase.

Cboe, which conducts spot Bitcoin ETF applications for investment management firms, announced that an agreement has been reached with the cryptocurrency exchange Coinbase.

Cboe Updates Spot Bitcoin ETF Applications

Bitcoin (BTC) (22)

The latest statement of the US Securities and Exchange Commission (SEC) highlighted Coinbase as the Bitcoin ETF applications were deemed insufficient or comprehensive. Recently, the US options exchange CBOE submitted a new regulation by making changes for five Bitcoin ETF applications.

The new applications effectively demonstrated that it reached an agreement with Coinbase for sharing supervision. Meanwhile, despite the expectation of consumer price index (CPI) data, which generally leads to stagnation in the overall financial markets, Coinbase’s stock price rose significantly on Tuesday.

The new application shows that CBOE reached an agreement with Coinbase on June 21, 2023. According to this agreement, the parties will finalize and implement an agreement.

Previously, Blackrock, the world’s largest asset manager, had also made a supervision sharing agreement (SSA) with Coinbase. Other companies such as Valkyrie, Bitwise, Invesco, and WisdomTree have also applied for approval of Bitcoin ETFs.

CBOE Reaches SSA Agreement with Coinbase for Bitcoin ETFs

The new applications showed a clear change from the phrase “waiting for an agreement” to “an agreement has been reached on the terms.” The application included the following statement:

“The Exchange has reached an agreement on the terms with Coinbase Inc., a US-based spot trading platform for Bitcoin, on June 21, 2023.”

The stock price of Coinbase Global Inc. (COIN) increased impressively by 10% on Tuesday due to Cboe’s news of the changes.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?

SEC Prepares to Approve Options for Spot Bitcoin ETFs

Will the U.S. Securities and Exchange Commission (SEC) approve options trading for BITB and GBTC spot Bitcoin ETFs?

What Happens If Bitcoin Crashes? Renowned Author Robert Kiyosaki Explains!

Entrepreneur and renowned author Kiyosaki shared his thoughts on the potential collapse of Bitcoin within the community.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?