Earlier, the US Securities and Exchange Commission (SEC) reported that applications from BlackRock, Fidelity and other companies were not “clear and comprehensive.” Since then, the CBOE has promptly updated its filings for individual bitcoin ETF offerings, including those from Fidelity.
An updated version of the Nasdaq filing includes an observation sharing agreement with cryptocurrency exchange Coinbase. A “final agreement” will be reached before the start of trading, the Nasdaq said.
As a reminder, BlackRock applied to launch the iShares Bitcoin Trust on June 15th. The document emphasizes that previously approved products traded on a spot exchange in the commodities and foreign exchange markets “are generally unregulated, with the SEC relying on the futures market.” Therefore, the company sees no obstacles to approving a spot ETF for bitcoin.
Recently it became known that over the past week the volume of trading on centralized cryptocurrency exchanges has increased significantly. Analysts attribute this to BlackRock and other companies’ bid for a Bitcoin spot ETF.
Source: Bits
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