Analysis-Partnering with Coinbase could hinder bid for bitcoin ETF approval

By John McCrank and Michelle Price WASHINGTON (Reuters) – Partnering with Coinbase Global may hinder rather than help Nasdaq’s bid to win regulatory approval for a bitcoin exchange-traded-fund it wants to launch with BlackRock. Nasdaq last month filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch an ETF by BlackRock that would track the spot bitcoin market, triggering a flurry of similar filings from Cboe Global Markets for bitcoin ETFs by rivals including Fidelity and Invesco. After a decade of SEC rejections, the proposal from BlackRock, the world’s largest asse…

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