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.
Source: BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
