The US Securities and Exchange Commission (SEC) is reviewing all spot Bitcoin ETF applications with a “surveillance sharing” clause, including those from Cboe, Wise Origin, WisdomTree, VanEck, Invesco Galaxy, and ARK 21Shares. This comes after BlackRock’s application for a Bitcoin ETF was added to the SEC’s records for review, which has sparked optimism in the crypto market and led to other financial players submitting additional filings. A spot Bitcoin ETF is an investment that tracks the value of Bitcoin without owning the cryptocurrency itself. The SEC has been resistant to approving such an ETF in the past. BlackRock’s revised application includes monitoring of crypto exchange Coinbase for potentially illegal activities. The application will be published in the Federal Register, initiating a 21-day period for public comments. The report also mentions other unrelated topics such as the Bitcoin hashrate, FSB regulations for cryptocurrencies, and scammers using cryptocurrency platforms for money laundering.
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