The probability of approval of Bitcoin ETF in America has increased! Is the big rally coming?

The Chicago Stock Exchange (Cboe) has submitted revised applications for spot bitcoin exchange-traded funds (ETFs) after finalizing a supervisory subscription agreement (SSA) with Coinbase. The updated filings are for proposed bitcoin ETFs from five applicants, including Fidelity, WisdomTree, Invesco, VanEck and Ark 21 Shares.

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Meanwhile, Nasdaq, which manages ETF programs for other companies, has entered into a monitoring subscription agreement with Coinbase. This issue is mentioned in the BlackRock and Valkyrie ETF files.
The latest reports indicate that the Coinbase exchange has agreed on the terms, which are an important factor in the approval of the Bitcoin ETF. As previously reported by Crypto News, earlier proposed requests by the US Securities and Exchange Commission (SEC) to prevent market manipulation were deemed insufficient, leading to the rejection of Bitcoin ETF applications and changes to the rules. Suggested.
Following the publication of this news and the increasing possibility of approval of the Bitcoin ETF in the United States, the trading volume of the Coinbase exchange increased. Shares of the cryptocurrency exchange also surged 13% on July 3 after the Chicago Stock Exchange named Coinbase as an entity responsible for limiting potential abuses.