Shares of Coinbase, which was selected as the preferred platform for surveillance-sharing agreements in ETF applications, surged above $80 at approximately 11:30 ET on Monday.
Nasdaq has resubmitted its application to list a bitcoin ETF managed by BlackRock, responding to the recent report from the SEC which criticized previous proposals as 'inadequate' due to their failure to specify the underlying market's name in surveillance-sharing agreements.
The SEC instructed Cboe to announce its partner earlier on Friday.