June 28 (Cointime) - ARK Investment Management has updated its Bitcoin ETF application with the SEC, including a surveillance sharing agreement with the CME futures markets and a crypto exchange, likely Coinbase. This puts ARK ahead of its competitors in the race for the first Bitcoin ETF in the US.

Bloomberg Intelligence ETF analyst James Seyffart confirmed that ARK's request is the front-runner for a Bitcoin ETF, with a decision date of August 13, 2023. However, even if ARK receives approval, it still needs to appoint a crypto exchange for a surveillance sharing agreement.