Nasdaq

The post Nasdaq seeks SEC approval for Bitcoin Index Options appeared first on Coinpedia Fintech News Nasdaq, the major American stock exchange, is planning to introduce a new financial tool for Bitcoin enthusiasts. The exchange is seeking approval from the SEC to launch and trade  Options on the Bitcoin Index. This could provide traders and institutions another way to get exposure with Bitcoin investment. What is an Option Options are listed derivatives that give the holder the right to buy…

Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years. According to Ecoinmetrics, a platform known for providing insights into the cryptocurrency market, Bitcoin is up more than 30% year-to-date. In comparison, NASDAQ gained around 20% over the same period. Bitcoin And NASDAQ: The Tightening…

The post Nasdaq and NYSE Proposes ETH ETF Options : SEC’s Green Signal is awaited appeared first on Coinpedia Fintech News Bitcoin and Ether ETFs are no new names for crypto people now. They allow investors to invest in cryptocurrencies without actually buying it. Nasdaq and NYSE have filed proposals to trade options of spot ETH ETF. They filed a proposal of rule change with the SEC to permit the listing and trading of Options of ETH ETF. Let’s understand…

Virtune’s XRP ETP Launch on Nasdaq Stockholm Boosts Investment Opportunities for Nordic Investors. Secure, Physically-Backed XRP ETP Now Available with Virtune, Partnered with Coinbase. Following the update on XRP holdings surge, when 19 banks reported $10.27 billion investment positions as previously reported by CNF, Virtune (AB) is now available for institutional investors interested in exploring the potential of the current and upcoming ETPs for discretionary asset management. Specifically, in a tweet from Collin Brown today, Nasdaq Stockholm welcomes the Virtune…

Following Bitcoin's seeming resurgence in the past 48 hours, crypto stocks are also picking up the pace. Despite the general bearish sentiment, there seems to be a plot twist playing out in the stock market. Recent market performance shows S&P 500 and NASDAQ stocks sliding behind crypto-related stocks such as Coinbase (COIN) and Hut 8 (HUT). NASDAQ went down by a small extent, while S&P 500 dipped by 0.2%. However, the reverse was the case for stocks related to crypto…

A crypto analyst pointed out the correlation between BTC and Nasdaq - in which Bitcoin is a leading indicator. CNBC analyst Brian Kelly pointed to a correlation between Bitcoin and Nasdaq's tech index. The two assets seem to trade in lockstep. Kelly calls himself a Bitcoin televangelist and points to a chart showing BTC and Nasdaq together. Moreover, BTC appears to lead the tech index by "about 5 to 10 days." A 30-day rolling correlation between Bitcoin and Nasdaq is…

Leading cryptocurrency exchange Coinbase has filed to go public on Nasdaq via a direct listing. This sets the stage for a landmark listing for the U.S cryptocurrency exchange and a first for the blockchain industry.  Filing Reveals Key Details On Coinbase This development was revealed by the U.S media outlet platform Reuters on February 25. According to the report, the exchange has disclosed its regulatory filing to the U.S financial regulators, paving the way for its listing on the U.S stock exchange. …

Bullish news for the cryptocurrency industry as yet another publicly-traded company has joined the Bitcoin bandwagon with a hefty $150 million investment.  According to a Monday press release, Marathon Patent Group, a Nasdaq-listed company, has purchased 4,812.66 BTC as part of its treasury reserve.  The company said it purchased the cryptocurrency through the New York Digital Investment Group (NYDIG) at an average price of $31,168 per bitcoin, amounting to a total of $150 million.   According to Marathon's chairman and CEO,…