Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

Exchange relation Cboe Global Markets has amended 5 spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to see a surveillance-sharing statement (SSA) with Coinbase.

On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs from Invesco, VanEck, WisdomTree, Fidelity and the associated fund by ARK Invest and 21Shares.

Cboe said it had "reached an statement connected presumption with Coinbase" to participate into the SSA's which were settled connected June 21. The archetypal filings for the ETFs stated the parties were "expecting to enter" an SSA anterior to perchance offering the ETFs.

The SSAs are an effort to conscionable the SEC's standards aimed astatine preventing fraudulent behaviour and protecting investors, arsenic outlined by the regulator connected March 10:

“[An speech needs] a broad surveillance-sharing statement with a regulated marketplace of important size related to the underlying oregon notation bitcoin assets.”

Spot Bitcoin ETF applications person been a absorption constituent for the manufacture lately. The filings by Fidelity, Invesco, Wisdom Tree and Valkyrie follow the $10 trillion plus absorption steadfast BlackRock which also filed an ETF for SEC approval.

Related: Why a Bitcoin ETF support would beryllium a large deal

On June 29, the U.S. banal speech Nasdaq besides refiled its application to database BlackRock's ETF, likewise inclusive of an SSA with Coinbase.

Cboe's filings pushed Coinbase (COIN) shares up astir 10% connected June 11, the highest terms it's reached since August 16, according to Google Finance.

Coinbase’s stock terms jumped astir 10% with the latest SSA-related filing amendments. Source: Google Finance

Despite the engagement with Bitcoin ETF applications, Coinbase is presently battling retired a lawsuit with the SEC for allegedly offering cryptocurrencies the regulator considers to beryllium unregistered securities.

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