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