How to Invest in Cboe’s Bitcoin ETFs with Coinbase Surveillance Agreements

Cboe Global Markets and Coinbase Reach Surveillance-Sharing Agreement

Exchange operator Cboe Global Markets has amended five applications for Bitcoin (BTC) Exchange-Traded Funds (ETFs) to include a Surveillance-Sharing Agreement (SSA) with Coinbase. On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs from Invesco, VanEck, WisdomTree, Fidelity and the joint fund by ARK Invest and 21Shares.

Cboe and Coinbase reached an agreement on terms for the SSAs on June 21. The initial filings for the ETFs had stated the parties were “expecting to enter” an SSA prior to potentially offering the ETFs.

The SSAs are meant to meet the SEC’s standards for preventing fraudulent conduct and protecting investors, as outlined by the regulator on March 10. This is especially important for crypto exchanges and crypto stocks, such as Crypto.com Coin, C3.ai Stock, and AI Stocks.

Web 3.0 applications, such as the Apple Health Application, are also integrated with three features, including security, scalability, and privacy, to ensure the safety of investors interested in how to invest in Web 3.0.

Spot Bitcoin ETF Applications

The filings of Spot Bitcoin ETF applications by Fidelity, Invesco, Wisdom Tree, Valkyrie and BlackRock have been a focus point for the industry lately. On June 29, the U.S. stock exchange Nasdaq refiled its application to list BlackRock’s ETF, which included a SSA with Coinbase.

The involvement with Bitcoin ETF applications caused Coinbase (COIN) shares to rise nearly 10% on June 11, the highest price it’s reached since August 16, according to Google Finance.

Despite the progress made with crypto stock, crypto com coin, and crypto exchange, Coinbase is facing a lawsuit with the SEC for allegedly offering cryptocurrencies the regulator considers to be unregistered securities.