Bitcoin ETF Applications Drive Coinbase and Microstrategy Shares Higher

1 min read
Source: CoinDesk
TL;DR Summary

Shares of Coinbase and Microstrategy surged after Cboe's BZX Exchange refiled its applications for spot bitcoin exchange-traded funds (ETFs), naming Coinbase as the firm for surveillance-sharing agreements. The move is seen as increasing the chances of a spot bitcoin ETF being approved by the SEC, which could simplify adoption by traditional investors.

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