First Bitcoin ETF could be around the corner after BlackRock's filing; however, there might be way more behind it
First, surveillance-sharing agreements are nothing new in Bitcoin ETF proposals. In fact, they are typically standard practice. If their inclusion was all it took for approval, then it is reasonable to suggest that other firms, such as Fidelity, Bitwise and Van Eck, would have already achieved success with their own applications.
This raises three potential scenarios: BlackRock is sending a broader message, it is testing the waters or it is hoping for a different approach from Securities and Exchange Commission commissioners this time around. If the latter is true, we may find clues in the previousBitcoin ETF musings…I’ve seen the analysis that the Blackrock inclusion of surveillance sharing agreements is the novel touch that will allow them to crack the code...not a lawyer, but I’m a bit skeptical...
In 2023, Peirce and Commissioner Mark Uyeda contended in their dissent on the VanEck proposal that the commission was using a"different set of goalposts" for commodity-based ETPs, questioning theIn conclusion, while the inclusion of a surveillance-sharing agreement in BlackRock's application may not be the"silver bullet" it is perceived to be, the broader landscape is evolving.
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