Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC

as provided for in their regulation rule.

One of the giants on Wall Street, BlackRock Inc., has had its spot Bitcoin exchange-traded fund (ETF) application refilled by Nasdaq- the second largest stock market in terms of market capital. Along with BlackRock, several other operators including Fidelity, ARK Invest and 21Shares had their applications refiled by the Chicago Board Options Exchange (COBE)

As reported by Bloomberg, Nasdaq’s revised version of its document contained data sought by the SEC when the applications were all declined last week. Explicitly mentioned in the updated filing was how Coinbase would be accompanying BlackRock in regards to market surveillance. Furthermore, Nuveen was also cited as the custodian for the Bitcoin holdings pertaining to BlackRock’s ETF.

At the date of writing BTC was trading at approximately $31,112 whilst Coinbase’s stock jumped around 11% after markets had opened and is currently at a share-price of $79.9. Amoung the crypto investors, different forms of speculations brack out additionally inspiring a 2.4% price-raised for BTC.

The list of newly-submitted applications to the SEC was made of names such as Invesco, VanEck, 21Shares and WisdomTree. Notably Coinbase was mentioned twide among the revised ETFs refiled by COBE; firstl as the crypto exchange argreement-partner for market surveillance, and second, for failing to name one during the prior applications.

Robert Wilson author
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