Nasdaq Resubmits Updated Application for iShares Bitcoin Trust with a Surveillance-Sharing Agreement

In a last-minute news update by The Block, Nasdaq has resubmitted an updated application for the iShares Bitcoin Trust, which now includes a surveillance-sharing agreement with the U.S. based crypto exchange, Coinbase. The updated application follows remarks made last week by the U.S. Securities and Exchange Commission (SEC) that previous Spot Bitcoin ETF applications were not “clear and comprehensive”. BlackRock’s Spot Bitcoin ETF Application Updated Nasdaq has re-filed a 19b-4 form for the iShares Bitcoin Trust, a Spot Bitcoin ETF headed by BlackRock. The document anticipates a bilateral surveillance-sharing agreement, called a “Spot BTC SSA”, between Nasdaq and Coinbase, designed to complete the Exchange’s market surveillance program. The update to BlackRock’s Spot Bitcoin ETF application comes after the Wall Street Journal reported last week that the SEC stated the recent Spot Bitcoin ETF applications made by Nasdaq, Cboe, BlackRock, Fidelity, and others were not “clear and comprehensive”. Following this, Cboe […] The post Nasdaq Resubmits Updated Application for iShares Bitcoin Trust with a Surveillance-Sharing Agreement appeared first on COINTURK NEWS.