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.

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