The renewal of spot Bitcoin (BTC) exchange-traded fund (ETF) applications by trillion-dollar investment companies has caused an increase in Coinbase (COIN) shares.
World giants choosing Coinbase as oversight partner in renewed spot Bitcoin ETF applications COIN triggered a rise in stocks. in June BlackRock Following the spot Bitcoin ETF application from fidelity, WisdomTree, VanEck And Invesco demands of actors such as to the US Securities and Exchange Commission (SEC) had conveyed.
The SEC has enough for initial filings. clear and comprehensive While he said that he was not informed and that he found it insufficient, the giant companies remained insistent and demanded ETF. by renewing again to the SEC. All companies, including BlackRock, applied for the update. surveillance partner Declaring that it has agreed with Coinbase, the stock market’s share price is final. 4 month high carried it.
Coinbase, technology exchange NASDAQ As the first cryptocurrency exchange traded on the internet, it has been pricing the appetite of giant institutions for the sector in a short time. 13.50% rose. Friday $71.26 COIN closing at the level on Monday $80.85 saw the level.
According to NASDAQ data, COIN at the time of writing from $79.93 is being traded.