"Bitcoin ETF Race Heats Up with Ark's Amended Filing and BlackRock's Potential Price Surge"

ARK Invest has amended its SEC filing for a Bitcoin exchange-traded fund (ETF) to include a surveillance-sharing agreement, following in the footsteps of BlackRock. The agreement, called "Spot BTC SSA," involves ARK, the Chicago Board Options Exchange (CBOE), and a cryptocurrency platform. The inclusion of a surveillance-sharing agreement could potentially help ARK secure approval for its ETF application ahead of BlackRock, which filed its own application last week. The SEC has emphasized the need for applicants to demonstrate effective investor protection against market manipulation. ARK's previous ETF application was rejected earlier this year, while the SEC recently approved the first leveraged Bitcoin futures ETF.