Valkyrie Digital Assets has resubmitted its application for a bitcoin exchange traded fund (ETF) to the U.S. Securities and Exchange Commission, following in the footsteps of BlackRock and Fidelity. The asset manager has named Coinbase as its partner for a surveillance-sharing agreement, which is designed to prevent market manipulation and is a key component of all ETF applications. Valkyrie has also announced that Nasdaq has signed a term sheet with Coinbase, which is the largest spot trading platform for Bitcoin in the U.S. BlackRock and Fidelity have also resubmitted their ETF applications recently, with Valkyrie having already received approval for a bitcoin futures ETF in May 2022.

July 4 (Cointime) - Nasdaq has resubmitted a 19b-4 form for the iShares Bitcoin Trust, a spot bitcoin ETF managed by BlackRock, following similar filings from Cboe exchange last week.

July 4 (Cointime) - Bitcoin Depot, the world's largest crypto ATM operator, has merged with GSR II Meteora (GSRM), a special purpose acquisition company (SPAC), and made its debut on Nasdaq on Monday. After the debut, Bitcoin Depot's shares more than doubled.

July 2 (Cointime) - Over the weekend, Bitcoin remained steady above $30.5k, with both longs and shorts experiencing 24-hour liquidations totaling $32.7M and $34.2M, respectively.

June 30 (Cointime) - Bitcoin Depot, a major cryptocurrency ATM company in the US, has completed a merger deal that will allow it to go public. The deal, costing $885 million, was approved by GSR II Meteora Acquisition Corporation's stockholders, enabling the firm to act as a special purpose acquisition company for Bitcoin Depot. The merger is expected to allow investors to gain exposure to Bitcoin Depot on the Nasdaq starting July 3, with shares available under the ticker symbols BTM and BTMWW. The move comes amid regulatory scrutiny of US firms offering crypto products or services.

June 30 (Cointime) - The Securities and Exchange Commission (SEC) has deemed recent applications for a spot Bitcoin exchange-traded fund (ETF) inadequate, potentially delaying the launch of such a product in the US. The SEC has informed the Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings lack clarity and comprehensiveness.

June 30 (Cointime) - According to sources, the Nasdaq and Cboe exchanges were informed by the U.S. Securities and Exchange Commission that recent filings for spot bitcoin ETF funds from BlackRock and Fidelity were inadequate in terms of clarity and comprehensiveness.

June 29 (Cointime) - Data from Kaiko shows that Bitcoin's correlation with the Nasdaq dropped to 3% in June, indicating a divergence in sentiment between cryptocurrencies and tech stocks.

June 24 (Cointime) - Bitcoin's correlation with Nasdaq has re-emerged as BTC's value surged, with intriguing data from Ecoinometrics revealing an emerging correlation between the two. This new pattern has captivated observers, shedding light on BTC's overall trajectory and sentiment among traders. The recent surge in applications for a Bitcoin ETF by various financial institutions has sparked a notable increase in social buzz surrounding the king coin, with BTC trading at approximately $30,700 and experiencing a significant uptick in value since the news broke. The ongoing price trend of BTC presents a favorable outlook for short-term holders who entered the market before the inception of this trend, with Santiment's 30-day Market Value to Realized Value (MVRV) metric indicating a noteworthy shift toward profitability.

June 15 (Cointime) - Bitcoin has seen a 14.8% correction in the past two months, with its price remaining below $26,300 since June 10. In contrast, the Nasdaq tech stock market index has gained 13.6% over the same period, indicating that investors are not turning to cash or short-term debt for safety.