While Fidelity Announced Yesterday Considering Filing for a Bitcoin ETFthe bottom Ark Invest would have modified its request for a Bitcoin Spot ETFs to include a “surveillance sharing agreement”.
This change makes Ark Invest’s file similar to that of BlackRock and puts him in pole position to be approved first. Last AprilArk Invest had filed for the third time with the SEC for the creation of a Bitcoin Spot ETF.
According to some experts, the surveillance sharing agreement could be the solution found by BlackRock in order to have its request approved by the SEC.
Demands for Bitcoin ETFs are growing like hotcakes. Institutionals seem, indeed, despite the feisty mood of the SEC when it comes to cryptocurrency. While a Leveraged ETFs was recently accepted Will SEC give in to finance tycoons ? Case to follow on the Journal du Coin.
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