CBOE GLOBAL Markets changes ETF applications for Bitcoin (BTC) and concludes joint monitoring agreement with coinbase

CBOE GLOBAL Markets changes ETF applications for Bitcoin (BTC) and concludes joint monitoring agreement with coinbase

CBOE GLOBAL Markets recently made changes to five Bitcoin (BTC) ETF applications and inserted an agreement with Coinbase via the joint monitoring (SSA). The changes were submitted on July 11th at the US value paper supervision SEC for the ETFs of Invaneck, Vaneck, Wisdomtree, Fidelity and the joint funds from ARK Invest and 21shares.

According to CBOE, the agreement was signed with Coinbase on June 21. Originally, the parties should complete the SSA before the potential introduction of ETFs. The SSA is used to meet the standards of the SEC to prevent fraudulent behavior and protect investors.

The SEC said on March 10 that "a stock exchange needs a comprehensive joint monitoring agreement with a regulated market of considerable size in relation to the underlying or reference bitcoin assets".

In the past few months, Spot Bitcoin ETF applications have attracted a lot of attention in the industry. The applications from Fidelity, Investco, Wisdomtree and Valkyrie followed the example of the asset manager Blackrock, who also submitted an ETF with the Sec.

On June 29, the US exchange Nasdaq submitted a new application for an ETF from Blackrock, which also includes an SSA with coin base.

The announcement of the CBOE changes led to an increase in coin base shares by almost 10 percent on June 11th. According to Google Finance, they have reached the highest course since August 16.