Surveillance is about to reach a new level as Blackrock awaits the SEC’s confirmation regarding its Bitcoin ETF launch. An ETF tied to Bitcoin was filed on June 15 by the world’s largest asset manager, reportedly the world’s largest asset manager. In an era when the Securities and Exchange Commission (SEC) and other regulatory agencies crack down on the financial sector, the timing of the announcement was crucial.
There were a few market observers who wondered if BlackRock, the world’s largest asset manager, would have a better chance of securing approval than other competitors who had been rejected by the U.S. Securities and Exchange Commission when it filed to establish a spot bitcoin exchange-traded fund in the U.S. Their investigation quickly led them to identify an application feature that made it possible for authorities to be made aware of questionable trades.
The Surveillance-Sharing Agreement (SSA), now commonly known as the Surveillance-Sharing Agreement (SSA), was introduced after BlackRock’s application was submitted. Nevertheless, the issue of information-sharing agreements that change the balance of power and give regulators the authority to request details about the application will significantly impact the U.S. Securities and Exchange Commission’s (SEC) decision.
As a result of regulators’ misgivings about its first effort to file for an exchang
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