Share this article
Cathie Wood's ARK Amends Spot Bitcoin ETF Filing to Include Surveillance Sharing, Similar to BlackRock
ARK's application may now be in pole position to be approved first as as it was filed earlier than BlackRock's.
Updated Mar 9, 2024, 1:58 a.m. Published Jun 28, 2023, 3:43 p.m.
Cathie Wood's ARK Invest has amended its filing for a spot bitcoin exchange-traded fund (ETF) to include a surveillance-sharing agreement, similar to that of BlackRock (BLK).
The agreement would be between the Cboe BZX Exchange, on which the ETF would be listed, and a U.S.-based spot BTC trading platform, according to ARK's amended 19b-4 filing.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Surveillance-sharing agreements involve the sharing of information about market trading activity, clearing activity and customer identification to protect against the possibility of market manipulation.
The inclusion of the agreement in BlackRock's application was seen as a potential breakthrough for the listing of a spot bitcoin ETF in the U.S., dozens of applications for which the SEC has rejected.
ARK's application may now be in pole position to be approved first as as it was filed earlier than BlackRock's, noted Bloomberg ETF analyst Eric Balchunas.
Read More: Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
What to know:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
Top Stories
