Coinbase Stock Jumps After Cboe Refiles Bitcoin ETF Applications

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Coinbase Stock Jumps After Cboe Refiles Bitcoin ETF Applications

Shares of crypto exchange Coinbase Global climbed nearly 12% Monday after Cboe Global Markets refiled applications for spot bitcoin exchange-traded funds, saying it expects Coinbase to help monitor trading.

The Securities and Exchange Commission returned earlier filings to Cboe and the Nasdaq because they didn’t name the spot bitcoin exchange with which they are expected to have a “surveillance-sharing agreement” or provide enough information about the details of those surveillance arrangements, The Journal previously reported.

Cboe refiled applications Friday afternoon for spot bitcoin ETFs on behalf of Fidelity, WisdomTree, VanEck, Invesco and Ark Investment Management, saying that it expects to enter into surveillance-sharing agreements with Coinbase.

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