The world’s largest cryptocurrency recently found support due to plans by fund managers, including global asset manager BlackRock, to launch a US-listed spot bitcoin ETF.
According to crypto trading exchange CoinMarketCap, the current market capitalisation of bitcoin rose 2.2 per cent at $610,122,773,744. On July 7, 2022, Bitcoin was traded at $20,547.81.
Nasdaq refiled its application to list BlackRocks’s ETF according to a filing made public on Monday after the US securities regulator had reportedly raised concerns over initial filings.
The refreshed filing, submitted to the US SEC on Thursday, said that Coinbase Global Inc will provide market surveillance in support of the proposed ETF from the world’s largest asset manager.
The move comes after the regulator reportedly had concerns over the initial filings by Nasdaq as being unclear and incomplete. It had flagged similar concerns to Cboe related to a filing from Fidelity.
