“It is expected that the Spot Bitcoin SSA (Surveillance Sharing Agreement) will have the characteristics of a surveillance sharing agreement between the two members of the ISG, which will enable trading if the exchange (Cboe) decides that it is required in the monitoring program of its commodity underlying trust shares. This provides supplementary access to physical Bitcoin transaction data that occurs on Coinbase, similar to how the exchange shares information as part of the ISG."

Last night, the Wall Street Journal reported, citing people familiar with the matter, that the U.S. Securities and Exchange Commission (SEC) had told Nasdaq and CBOE that recent filings by BlackRock, Fidelity and other companies were not clear and comprehensive enough. Each ETF applicant is required to complete the details and resubmit. After the news was released, the cryptocurrency market fell sharply for a short period of time.