BlackRock's Spot Bitcoin ETF Filing Boosts Cryptocurrency Prices.

BlackRock's iShares Bitcoin Trust application to the SEC may have a better chance of approval due to a proposed "surveillance-sharing agreement" between exchanges to mitigate market manipulation. The agreement, called the "Spot BTC SSA," would allow for the sharing of information about market trading activity, clearing activity, and customer identification. While some argue the agreement is unnecessary, the SEC has previously highlighted the importance of such agreements. BlackRock's application comes after several other ETF proposals have been rejected.