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Surveillance Sharing

All articles tagged with #surveillance sharing

cryptocurrency3 years ago•1 min saved

BlackRock and Coinbase Partner for Bitcoin ETF Filing

BlackRock's latest filing for a spot Bitcoin exchange-traded fund (ETF) included a "surveillance-sharing agreement" with Coinbase, as revealed in a filing with the United States Securities and Exchange Commission (SEC). The agreement, intended to supplement Nasdaq's market surveillance program, provides access to data on spot Bitcoin trades. This comes after the SEC stated that previous ETF filings with Nasdaq and the Chicago Board Options Exchange (Cboe) were not sufficiently clear and comprehensive, requesting additional information on surveillance arrangements. Despite numerous applications, the SEC has yet to approve any spot ETF linked to cryptocurrency investments.

via Cointelegraph|

#bitcoin-etf #blackrock #coinbase

cryptocurrency3 years ago•1 min saved

"BlackRock Bitcoin ETF Refiles with Coinbase as Surveillance-Sharing Partner, Bitcoin Price Rises Amidst Approval Probability"

Nasdaq has refiled its application to list BlackRock's proposed bitcoin exchange-traded fund (ETF), naming Coinbase as the market for surveillance-sharing. This follows feedback from U.S. securities regulators that filings were "inadequate" without the name of the partner in surveillance-sharing agreements. Other pending applications, including Fidelity's, have also updated to name Coinbase. A surveillance-sharing agreement with a regulated market is required for a bitcoin trust to secure regulatory approval. Coinbase represents 56% of dollar-to-bitcoin trading on U.S.-based platforms. The SEC has rejected bitcoin ETF applications in the past, but money managers are hopeful for success this time.

via CoinDesk|

#bitcoin-etf #blackrock #coinbase