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Cboe

All articles tagged with #cboe

"Bitcoin ETF Uncertainty Looms as SEC Deliberations Impact Market Volatility"
finance-and-business2 years ago

"Bitcoin ETF Uncertainty Looms as SEC Deliberations Impact Market Volatility"

Fidelity's Wise Origin Bitcoin Fund may soon be listed on the CBOE exchange, pending SEC approval. The SEC has until January 10 to decide on this and other Bitcoin ETF applications. A Bitcoin ETF would allow traditional investors to invest in Bitcoin without directly buying or storing the cryptocurrency. Despite the potential for market manipulation concerns, the entry of traditional finance giants like Fidelity could influence the SEC's decision. Currently, the market is responding positively to the possibility of an ETF approval, with Bitcoin's price showing a slight recovery after a recent drop.

Bitcoin ETFs and Coinbase: A Game-Changer in Surveillance and Approval Potential
cryptocurrency2 years ago

Bitcoin ETFs and Coinbase: A Game-Changer in Surveillance and Approval Potential

Cboe Global Markets has amended five Bitcoin ETF applications to include a surveillance-sharing agreement (SSA) with Coinbase, in compliance with the SEC's recommendations to prevent fraud and protect investors. The filings by Cboe, Invesco, VanEck, WisdomTree, Fidelity, ARK Invest, and 21Shares follow the recent trend of asset management firms seeking SEC approval for Bitcoin ETFs. The involvement of Coinbase in these applications has boosted its share price, despite the ongoing lawsuit with the SEC over alleged unregistered securities.

cryptocurrency2 years ago

"Coinbase's Cboe Agreement Boosts Bitcoin ETF Prospects"

Coinbase's shares surged by up to 16% after the crypto exchange reached a surveillance-sharing agreement with Cboe's BZX Exchange for five of its spot bitcoin exchange-traded fund (ETF) applications. The agreement, settled on June 21, aims to prevent market manipulation and is a requirement for recent ETF applications. Nasdaq, the securities exchange behind BlackRock's bitcoin ETF application, also reached a similar agreement with Coinbase.

finance2 years ago

Bitcoin ETF Boost: Coinbase Surges as U.S. Approval Probability Rises

Coinbase, the largest U.S. cryptocurrency platform, saw its shares surge 13% after exchange operator Cboe named it in its application to launch a spot bitcoin exchange-traded fund (ETF). Cboe refilled its application with the U.S. Securities and Exchange Commission (SEC) and named Coinbase as the platform that would help detect fraud in the underlying bitcoin markets. The SEC has previously rejected spot bitcoin ETF applications, citing concerns about fraudulent and manipulative practices. Coinbase shares closed up 11.7% and have more than doubled this year.

cryptocurrency2 years ago

Bitcoin ETF Applications Drive Coinbase and Microstrategy Shares Higher

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.

Fidelity Partners with Coinbase for Bitcoin ETF Surveillance
cryptocurrency2 years ago

Fidelity Partners with Coinbase for Bitcoin ETF Surveillance

Coinbase has been named as the surveillance-sharing partner for several spot bitcoin exchange-traded fund (ETF) applications, including those filed by Fidelity, WisdomTree, VanEck, ARK Invest, Galaxy/Invesco, and BlackRock. The U.S. Securities and Exchange Commission (SEC) had previously rejected bitcoin ETF applications due to the lack of surveillance-sharing agreements with markets of "significant size." Cboe's BZX Exchange, which is working with these ETF issuers, refiled the applications and named Coinbase as its partner. However, the SEC's recent lawsuit against Coinbase for alleged unregistered securities operations may complicate the approval process. The SEC has yet to formally acknowledge the applications and will have an initial 45-day review period, extendable to 240 days.

Introducing VIX1D: Wall Street's New One-Day Fear Gauge
finance2 years ago

Introducing VIX1D: Wall Street's New One-Day Fear Gauge

Exchange group Cboe is set to launch a new version of the Vix, the volatility index known as "Wall Street's fear gauge," that will track expectations of short-term market swings. The 1-day Volatility Index, or Vix1d, will measure expected volatility in the S&P 500 over the next day of trading, rather than over the next month like the Vix. The move is a response to a recent transformation in derivatives markets that had sparked concerns about the effectiveness and relevance of the original Vix.