The latest filing for BlackRock’s plan to launch a Bitcoin ETF includes an agreement with oinbase">Coinbase. This agreement, mentioned in a filing with the SEC on June 29, involves a proposed rule change by Nasdaq to allow the listing of BlackRock’s Bitcoin ETF. The agreement between Nasdaq and oinbase">Coinbase, made on June 8, aims to enhance the exchange’s market surveillance program by providing access to data on spot Bitcoin trades.
After ARK Investment Management amended its Bitcoin ETF application, the SEC filing was released. The amendment now includes a surveillance-sharing agreement between ARK and the Chicago Board Options Exchange (Cboe), as well as an unidentified crypto exchange based in the United States. There were speculations that this agreement could potentially conflict with oinbase">Coinbase’s involvement in BlackRock’s ETF application.
According to reports, the SEC stated on June 30 that the filed crypto ETF applications with Nasdaq and Cboe lacked clarity and comprehensiveness, and suggested that applicants provide additional details on surveillance arrangements. BlackRock’s application for its Bitcoin ETF was filed on June 15. As of now, the SEC has not approved any spot ETF related to crypto investments despite multiple applications from market players. After its Bitcoin ETF application was denied in June 2022, Grayscale Investments filed a lawsuit against the SEC, claiming that the regulator had not applied equal treatment to similar investment vehicles.
#Business #Investments #SEC #ETF #Bitcoin
