Ark is the best? Bitcoin ETF may be approved before BlackRock | CoinDesk JAPAN

Led by Kathy Wood, ARK Invest has amended its Bitcoin (BTC) ETF application to include a surveillance sharing arrangement similar to BlackRock’s.

The deal will be signed between the Cboe BZX Exchange, where the ETF will be listed (if approved), and the US Bitcoin trading platform, the people said.

Surveillance sharing agreements share information about trading activity, clearing activity and customer identification to prevent potential market manipulation.

The agreement, which was included in BlackRock’s filing, was seen as a potential breakthrough for the approval of a Bitcoin ETF that the SEC has so far rejected.

Ark’s application filed before BlackRock’s, so it is likely to be the first bitcoin ETF to be approved, Bloomberg ETF analyst Eric Balchunas noted. .

｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: Cathy Wood (Danny Nelson/CoinDesk)
｜Original: ARK Amends Spot Bitcoin ETF Filing to Include Surveillance Sharing, Similar to BlackRock