Earlier, the SEC said the filings from BlackRock, Fidelity and others were not “clear and comprehensive.”. The CBOE then promptly updated its bids for individual bitcoin-ETF offerings, including those from Fidelity.
Nasdaq’s updated bid includes an observation exchange agreement with cryptocurrency exchange Coinbase. “A ‘definitive agreement’ will be reached before the start of trading, Nasdaq said.
Recall that BlackRock applied to launch iShares Bitcoin Trust on June 15. The paper stresses that previously approved products traded on the spot exchange in the commodities and foreign exchange markets “are generally unregulated, and the SEC relies on the futures market.”. Therefore, the company sees no obstacles to approving a spot ETF on bitcoin.
It was recently reported that trading volume on centralized cryptocurrency exchanges has increased significantly in the last week. Analysts attribute this to a bid by BlackRock and others for a bitcoin spot ETF.