Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month.
The modification may give ARK a better chance of getting its product approved by the U.S. Securities and Exchange Commission (SEC), which has denied every flavor of the product thus far.
ARK’s Crucial Change
According to ARK’s modified 19b-4 filing, the proposal suggests that the Cboe BZX Exchange – on which the Ark’s 21 Shares ETF would be listed – will enter a surveillance sharing agreement (SSA) with “an operator of a United States-based spot trading platform for Bitcoin.”
ARK didn’t name which specific spot exchange it would partner with, but claimed it represented a “substantial portion of US-based Bitcoin trading.”
“ This Spot BTC SSA, in combination with the information available through [Intermarket Surveillance Group] related to CME Bitcoin Futures, which
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