Sort:  

🧵 2. ARK's proposal gives SEC 240 days to decide. Comprehensive surveillance-sharing agreement required for listing on Cboe BZX Exchange.

🧵 3. SEC rejects ARK's previous crypto ETF proposals due to concerns of fraud and investor protection. Spot bitcoin market regulation not a requirement for approval.

🧵 4. Cathie Wood predicts SEC delay but expects approval for multiple spot BTC ETFs in the future.

🧵 5. BlackRock and other firms also applying for spot crypto ETF listings. Adding Coinbase as surveillance-sharing partner could boost approval chances.