Coinbase Bond Bounces Back On Bitcoin Rally, While SEC Delays Key ETF Feature
Summary
Cryptocurrency market surge, led by Bitcoin reaching new ATH of $69,300, has boosted US-based crypto exchange Coinbase's convertible bond to a two-year high. The resurgence in convertible bonds extends to the AI sector, with some firms issuing bonds with no coupon. Grayscale's request for options trading on spot Bitcoin ETFs has prompted the SEC to extend the decision timeline to April 24, 2024, causing concerns about regulatory clarity in cryptocurrency.
