Tag: ETF

BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner

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The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase. According to a June 29 filing with the United States Securities and Exchange Commission, the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of BlackRock’s Bitcoin (BTC) exchange-traded fund. The filing included details of a June 8 agreement between the Nasdaq and Coinbase “intended to supplement the exchange’s market surveillance program” and provide access to data on spot BTC trades. JUST…

BlackRock Bitcoin $BTC ETF Application Refiled, Naming Coinbase $COIN as ‘Surveillance-Sharing’ Partner

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Several other pending applications, including one on behalf of BlackRock’s money-management rival, Fidelity, have since been updated to name Coinbase as the partner for the surveillance-sharing agreements. The sponsor of a bitcoin trust must enter a surveillance-sharing agreement with a regulated market of significant size to secure a go-ahead from regulators, based on a reading of according to the SEC’s previous rulings. Original

Cameron Winklevoss slams SEC’s bitcoin ETF rejection

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cameron Winklevoss, a co-founder of Gemini, has expressed his disappointment with the recent decision by the US Securities and Exchange Commission (SEC) to reject a bitcoin exchange-traded fund (ETF). According to Winklevoss, this decision is a major setback for investors in the United States. Winklevoss argues that the SEC has been steering investors towards unregulated and potentially harmful cryptocurrency products for the past decade. It has been ten years since the Winklevoss twins first sought approval…

Cboe’s BZX Exchange Names Coinbase for Surveillance-Sharing Agreement in Refiled Spot Bitcoin ETF Applications

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Cboe’s BZX Exchange has identified crypto exchange Coinbase as the designated market for its surveillance-sharing agreement. The exchange recently refilled its ETF applications on behalf of several aspiring bitcoin ETF issuers, including Fidelity, WisdomTree, VanEck, ARK Invest, Galaxy/Invesco, and BlackRock, media reports said. These companies hope to bring a spot bitcoin ETF that the U.S. Securities and Exchange Commission (SEC) has previously rejected for years. While BlackRock has filed its spot bitcoin ETF with Nasdaq, the other firms are collaborating with Cboe. On Friday, the SEC informed both Nasdaq and…

SEC calls ETF filings inadequate, Binance loses euro partner…

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Top Stories This Week US SEC deems spot Bitcoin ETFs filings as inadequate There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate. The SEC told the Nasdaq and the Chicago Board Options Exchange that their filings are not “sufficiently clear and comprehensive.” The regulator returned the filings, citing the lack of information regarding the proposed surveillance-sharing agreement. Asset managers can still resubmit their applications. Cathie Wood’s ARK reportedly ‘first in…

WisdomTree bets on Bitcoin ETF despite prior rejections

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WisdomTree is attempting to launch a spot bitcoin exchange-traded fund even though its peers have failed. The firm filed with the U.S. Securities and Exchange Commission last week, making it its second bitcoin ETF application after an initial rejection two years ago. However, WisdomTree’s Jeremy Schwartz believes this time could be different.  “We’ve been able to successfully launch products in Europe,” the firm’s global chief investment officer said on CNBC’s “ETF Edge” this week. “The European regulators have been more friendly, and they’ve been able to get comfortable with the…

Fidelity, VanEck and other moguls re-file bitcoin ETF applications

Several major investment firms have refiled their applications for spot bitcoin ETFs with the SEC, naming Coinbase as their exchange partner. Fidelity, WisdomTree, VanEck, and Invesco/Galaxy have all submitted applications. A spot bitcoin ETF would allow investors to get exposure to BTC without holding the token. ETFs allow investors to gain exposure to bitcoin, the world’s number one cryptocurrency, without holding the digital asset. MORE: Fidelity, WisdomTree, VanEck and Invesco/Galaxy have all re-filed their spot bitcoin ETF applications, naming Coinbase as the exchange. Nothing from BlackRock or ARK yet. pic.twitter.com/txkWXB0dBS…