According to the SEC, the Exchanges Should Have Named the Specific Bitcoin Exchange With Whom They Would Have a "Surveillance-Sharing Agreement"
According to the SEC, the Exchanges Should Have Named the Specific Bitcoin Exchange With Whom They Would Have a "Surveillance-Sharing Agreement" The Securities and Exchange Commission has deemed recent filings for a spot Bitcoin exchange-traded fund in the US as inadequate,The SEC has notified Nasdaq and the Chicago Board Options Exchange that their filings are not “sufficiently clear and comprehensive.” The exchanges represent asset managers in the filings of the ETF.
According to the SEC, the exchanges should have named the specific Bitcoin exchange with whom they would have a "surveillance-sharing agreement" or should have supplied enough information regarding the specifics of that surveillance arrangement. After correcting the data, the asset managers can resubmit the filings.
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