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Cboe Amends Ark Bitcoin ETF Application to Include Market Surveillance, Following BlackRock's Lead

June 29 (Cointime) - The Cboe BZX Exchange has updated its ARK 21Shares Bitcoin ETF proposal to include a feature that helps prevent market manipulation and fraud. The amendment includes a surveillance-sharing agreement with a Bitcoin spot trading operator, similar to a feature in BlackRock's proposal for a spot Bitcoin ETF.

The agreement will involve two Intermarket Surveillance Group members to prevent trading abuse and market manipulation. The inclusion of this agreement addresses concerns noted by the SEC, which has rejected all applications for spot Bitcoin ETFs due to inadequate protection against fraud and market manipulation.

Bloomberg analysts predict a 50% chance that the SEC will approve a proposal before the end of the year, with Grayscale's lawsuit against the SEC potentially influencing the decision.

Bitcoin Bitcoin $90,681.70
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