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Surveillance Sharing Agreement

All articles tagged with #surveillance sharing agreement

cryptocurrency2 years ago

Bitcoin ETFs and Coinbase: A Game-Changer in Surveillance and Approval Potential

Cboe Global Markets has amended five Bitcoin ETF applications to include a surveillance-sharing agreement (SSA) with Coinbase, in compliance with the SEC's recommendations to prevent fraud and protect investors. The filings by Cboe, Invesco, VanEck, WisdomTree, Fidelity, ARK Invest, and 21Shares follow the recent trend of asset management firms seeking SEC approval for Bitcoin ETFs. The involvement of Coinbase in these applications has boosted its share price, despite the ongoing lawsuit with the SEC over alleged unregistered securities.

cryptocurrency2 years ago

"Coinbase's Cboe Agreement Boosts Bitcoin ETF Prospects"

Coinbase's shares surged by up to 16% after the crypto exchange reached a surveillance-sharing agreement with Cboe's BZX Exchange for five of its spot bitcoin exchange-traded fund (ETF) applications. The agreement, settled on June 21, aims to prevent market manipulation and is a requirement for recent ETF applications. Nasdaq, the securities exchange behind BlackRock's bitcoin ETF application, also reached a similar agreement with Coinbase.

cryptocurrency2 years ago

Nasdaq and Valkyrie Collaborate with Coinbase for Bitcoin ETF Application

Nasdaq has refiled Valkyrie's application for a spot Bitcoin ETF, including a surveillance-sharing agreement with Coinbase. This follows similar filings from BlackRock and Fidelity, as the SEC has indicated that surveillance arrangements could improve the chances of regulatory approval. Valkyrie has been attempting to launch a spot BTC ETF since 2021, but the SEC has never approved such a product.

cryptocurrency2 years ago

"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.

cryptocurrency2 years ago

ARK Invest's Surveillance Agreement Boosts Bitcoin ETF Approval Chances

ARK Invest has amended its application for a spot Bitcoin ETF with the SEC, including a surveillance sharing agreement with the CME futures markets and a crypto exchange, likely Coinbase. This puts ARK ahead in the race for the first Bitcoin ETF in the US. However, even if approved, ARK still needs to appoint a crypto exchange for the surveillance-sharing agreement. BlackRock's recent filing has triggered similar initiatives from other financial investment firms, including Valkyrie, WisdomTree, and Invesco.

cryptocurrency2 years ago

Bitcoin ETF Approval Race Heats Up as ARK Amends Filing to Include Surveillance Sharing

ARK Invest has amended its filing for a spot bitcoin ETF to include a surveillance-sharing agreement, similar to BlackRock's application. The agreement would be between the Cboe BZX Exchange and a U.S.-based spot BTC trading platform. This move could potentially position ARK's application ahead of BlackRock's in the race to be the first approved spot bitcoin ETF in the U.S., as it was filed earlier.