Blackrock’s iShares Bitcoin Trust application to the U.S. Securities and Exchange Commission (SEC) this week might stand a better chance than previous attempts by other fund managers thanks to the promise of a “surveillance-sharing agreement” between exchanges.
On page 36 of the Nasdaq (where the proposed ETF will be listed) 19b-4 filing, it’s stated that to mitigate against market manipulation, Nasdaq will be brought in to enter into a surveillance-sharing agreement with an operator of a spot trading platform for Bitcoin.
‘Enforcement 40’ for 2020
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