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Cboe Imitates BlackRock, Amends Ark Bitcoin ETF Application to Include Market Surveillance
The Cboe BZX Exchange updated a 19b-4 filing to amend its ARK 21Shares Bitcoin ETF proposal. The exchange amended the filing to add a feature that helps prevent market manipulation and other forms of fraud.
The amended filing states the ETF will include a surveillance-sharing agreement with a Bitcoin spot trading operator. Furthermore, the amendment is similar to a feature in asset manager BlackRock’s proposal for a spot Bitcoin ETF.
“The Exchange is proposing to take additional steps to those described above to supplement its ability to obtain information that would be helpful in detecting, investigating, and deterring fraud and market manipulation in the Commodity-Based Trust Shares,” reads the filing.
The amended filing includes a Spot BTC SSA, a “bilateral surveillance-sharing agreement between the Exchange and the US BTC Spot Market Platform”. This feature will provide
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