{"id":19707,"date":"2023-07-03T20:57:34","date_gmt":"2023-07-03T20:57:34","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/blackrock-spot-bitcoin-etf-filing-names-coinbase-as-surveillance-sharing-partner\/"},"modified":"2023-07-03T20:57:36","modified_gmt":"2023-07-03T20:57:36","slug":"blackrock-spot-bitcoin-etf-filing-names-coinbase-as-surveillance-sharing-partner","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/blackrock-spot-bitcoin-etf-filing-names-coinbase-as-surveillance-sharing-partner\/","title":{"rendered":"BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner"},"content":{"rendered":"

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The most recent filing involving asset manager BlackRock\u2019s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a \u201csurveillance-sharing agreement\u201d with cryptocurrency exchange Coinbase.<\/p>\n

According to a June 29 filing with the United States Securities and Exchange Commission, the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of BlackRock\u2019s Bitcoin (BTC) exchange-traded fund. The filing included details of a June 8 agreement between the Nasdaq and Coinbase \u201cintended to supplement the exchange\u2019s market surveillance program\u201d and provide access to data on spot BTC trades.<\/p>\n

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JUST IN: BlackRock has re-filed for spot bitcoin ETF, the resubmission was dated 6\/29, Nasdaq just posted tho. They just added Coinbase like everyone else. pic.twitter.com\/UGq46DdLgu<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) July 3, 2023<\/a><\/p><\/blockquote>\n

The release of the SEC filing followed ARK Investment Management amending its spot BTC ETF application to include a surveillance-sharing agreement with the Chicago Board Options Exchange (Cboe) and an unnamed U.S.-based crypto exchange. Some speculated at the time the agreement was with Coinbase, which would seemingly put it in conflict with BlackRock\u2019s ETF application.<\/p>\n

Related: <\/em><\/strong>Will BlackRock\u2019s ETF slingshot Bitcoin\u2019s price skyward?<\/em><\/strong><\/p>\n

The SEC reportedly said on June 30 that crypto ETF filings with the Nasdaq and the Cboe were not \u201csufficiently clear and comprehensive,\u201d suggesting that the applicants include additional information on surveillance arrangements. BlackRock first applied for the spot BTC ETF on June 15.<\/p>\n

At the time of publication, the U.S. securities regulator had not approved any spot ETF linked to crypto investments despite numerous applications from market participants. Following the denial of its spotBitcoin ETF in June 2022, Grayscale Investments filed a lawsuit against the SEC, alleging the regulator had failed \u201cto apply consistent treatment to similar investment vehicles\u201d.<\/p>\n

Magazine: <\/em><\/strong>SEC calls ETF filings inadequate, Binance loses euro partner and other news: Hodler\u2019s Digest, June 25 \u2013 July 1<\/em><\/strong><\/p>\n<\/div>\n