![the-sec-still-doesnt-like-spot-bitcoin-etfs](https://cryptotoptrends.com/wp-content/uploads/2021/11/the-sec-still-doesnt-like-spot-bitcoin-etfs-678x381.jpg)
For a bitcoin ETF to win the day its issuer must establish what the SEC calls a “surveillance sharing agreement” with another major, compliance-minded market upon which the asset trades. It’s a simple argument, really. Any would-be manipulator would need to influence one market to reap gains on the other. If both those markets share data, then better the chances to catch the crook.
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