Good morning! We have listed the latest news for you. Start the day with a bitcoin breakfast.

Bitcoin trading volume on centralized exchange platforms has risen to the highest level in 12 months. All told, $46.26 billion worth of bitcoin was traded on spot markets on March 5. It seems that private individuals are getting back into the market and are cautiously starting to buy bitcoin.

After reaching a temporary high of $46.26 billion for daily trading volume, this statistic fell to $31.32 billion on March 6.

BlackRock has asked the Securities and Exchange Commission (SEC) for permission to supply its own fund with bitcoin.

The document describes the following:

“The Fund may acquire shares in exchange traded products (ETPs) that generally attempt to mirror the performance of the price of bitcoin by directly holding bitcoin (Bitcoin ETPs), including shares of a Bitcoin ETP sponsored by a subsidiary from BlackRock.”

The SEC must decide whether to approve derivatives trading on spot Bitcoin ETFs on April 24. The U.S. Securities and Exchange Commission has postponed its decision on whether to approve options trading on spot Bitcoin exchange-traded funds (ETFs). More option options open the door for more capital in these investment products.

The SEC has extended its deadline to respond to the Cboe Exchange and the Miami International Securities Exchange from offering options on Bitcoin ETFs. It is also postponing its decision on Nasdaq’s bid to offer options on BlackRock’s iShares Bitcoin Trust (IBIT).


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