Ark, 21Shares look to ‘strengthen’ bitcoin ETF filing after BlackRock joins race

Blockworks
Blockworks

28 Jun 2023 6:47 PM

Cboe shared a willingness to enter into a surveillance-sharing agreement with a bitcoin spot trading platform, according to an amended filing....

  • Cboe, the exchange that would list the planned ARK 21Shares Bitcoin ETF, plans to enter into a surveillance-sharing agreement with a US-based spot trading platform for bitcoin.
  • The addition to the proposal aims to strengthen the application and demonstrate the maturity and compliance of the spot bitcoin market.
  • BlackRock and VanEck, two other issuers of spot bitcoin ETFs, have also included the intent to enter into surveillance-sharing agreements.
  • These agreements differentiate these proposals from others that rely primarily on surveillance of bitcoin markets via CME futures markets.

The sentiment of the article is positive, as it highlights the progress and efforts made by various issuers to launch spot bitcoin ETFs and strengthen their applications.

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You May Ask

Which exchange plans to list the ARK 21Shares Bitcoin ETF?What is the purpose of the surveillance-sharing agreement mentioned in the article?How do the recent amendments to the spot bitcoin ETF proposals differentiate them from others?Which other issuers have included the intent to enter into surveillance-sharing agreements for their spot bitcoin ETFs?What does the article say about the maturity and compliance of the spot bitcoin market?

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