Nasdaq files for Valkyrie bitcoin ETF, lists Coinbase as surveillance sharing partner

Quick Take

  • Nasdaq submitted a filing for Valkyrie’s proposed spot bitcoin ETF.
  • The new filing includes Coinbase as the surveillance sharing partner — much like other applications over the past several weeks.


Valkyrie Funds is the latest firm with a proposed spot bitcoin ETF that plans to use a surveillance sharing agreement with crypto exchange Coinbase.

Valkyrie initially proposed the fund last month, with plans to list shares on Nasdaq. A new 19b-4 filing from the exchange dated July 3 and released Wednesday lists Coinbase as a surveillance sharing partner — much like other applications that have been refiled over the past several weeks. 

“Trading of Bitcoin on Coinbase represents a significant portion of US-based Bitcoin trading,” the exchange said in the filing. “According to the Sponsor, the Exchange aims to enter into a surveillance-sharing agreement with Coinbase, the operator of the largest United States-based spot trading platform for Bitcoin representing a majority of global spot BTC trading paired with USD.”

Bitcoin surges as ETF filings stack up

The SEC has not yet approved a spot bitcoin ETF, but the race has heated up after filings for large asset managers such as BlackRock and Fidelity included Coinbase in surveillance sharing agreements.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The price of bitcoin has surged more than 13% over the past month amid the excitement surrounding the filings. It's currently trading around $30,344, according to CoinGecko

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Sarah is a reporter at The Block covering policy, regulation and legal happenings. Before, Sarah was a reporter with CQ Lega