Cathie Wood’s ARK changes spot bitcoin ETF filing to surveillance clearance, similar to BlackRock

Cathie Wood’s ARK Invest has amended its spot bitcoin (BTC) exchange-traded fund application to include a monitoring-sharing arrangement similar to BlackRock’s (BLK).

The agreement would be between the Cboe BZX exchange, on which the ETF would be listed, and a US-based spot BTC trading platform, according to ARK’s amended 19b-4 filing.

Surveillance sharing arrangements involve the sharing of information about market trading activity, clearing activity and client identification to protect against the possibility of market manipulation.

The inclusion of the agreement in BlackRock’s filing was seen as a potential breakthrough for a spot Bitcoin ETF to be listed in the US, with dozens of filings being rejected by the SEC.

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