BlackRock refiled its application for its iShares Bitcoin Trust exchange-traded fund (ETF) after the SEC found it inadequate.
The Nasdaq exchange has submitted an amended application for a Bitcoin spot ETF on behalf of BlackRock after the SEC found trouble with its initial attempt.
Nasdaq Names Coinbase as Surveillance Partner
In the newly submitted application, Nasdaq reached an agreement with crypto exchange Coinbase to enter into a surveillance-sharing agreement which will address one of the SEC’s main objections to recent Bitcoin spot ETF filings.
The filing reads:
The Spot BTC SSA is expected to be a bilateral surveillance-sharing agreement between Nasdaq and Coinbase that is intended to supplement the exchange’s market surveillance program.
The Wall Street Journal reported last week that the SEC told Nasdaq and Cboe that recent ETF filings from BlackRock, Fidelity, and others were not “clear and comprehensive.”
Senior Bloomberg Analyst Eric Balchunas soon tweeted that
We współpracy z: https://cryptodaily.co.uk/2023/07/blackrock-refiles-application-for-bitcoin-spot-etf-with-sec
