Coinbase Shares Surge as Bitcoin-Adjacent Stocks Rally on News of Refiled ETF Applications by Cboe

By Cora Skindell Jul 3, 202372Views

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Bitcoin-adjacent stocks rally on Cboe’s ETF application refiling

Shares in Coinbase surge as Cboe refiles ETF applications:

– Coinbase chosen as the market for surveillance-sharing agreements in ETF applications.
– Shares in Coinbase rise over 10% to over $80.
– Cboe working with providers like Fidelity, WisdomTree, and ARK Invest to get spot bitcoin ETF approved.
– Cboe refiles applications after SEC rejects them for not naming the exchange they were working with.
– Microstrategy, holding over $4.6 billion worth of bitcoin, also sees shares rally.

Hot Take

The refiling of Cboe’s ETF applications and the surge in bitcoin-adjacent stocks like Coinbase and Microstrategy indicate growing optimism around the approval of a spot bitcoin ETF. This development could simplify adoption for traditional investors and potentially drive further growth in the cryptocurrency market.

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Cora Skindell

Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora's insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content. Cora's contributions serve as a valuable compass for both seasoned and novice individuals seeking to navigate the dynamic landscape of cryptocurrencies. With a keen eye for detail and a commitment to accuracy, she empowers informed decision-making in the ever-evolving crypto space.

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