Reading the tea leaves: Why BlackRock ETF will overcome SEC hurdles

Experts believe that the BlackRock Bitcoin exchange-traded fund (ETF) is more likely to get approval from the U.S. Securities and Exchange Commission (SEC) compared to previous ETF filings due to its surveillance agreement with Coinbase and NASDAQ. The SEC has expressed concerns about the lack of surveillance and fraud detection in the spot market, and the involvement of Coinbase, a major exchange, in providing data on Bitcoin trading to NASDAQ addresses these concerns.