ARK has revised its filing for a spot Bitcoin ETF, adding provisions for surveillance sharing, similar to BlackRock.

Cathie Wood’s ARK Invest has updated its filing for a spot bitcoin (BTC) exchange-traded fund (ETF) to include a surveillance-sharing agreement, similar to that of BlackRock (BLK).

According to ARK’s amended 19b-4 filing, the agreement would be between the Cboe BZX Exchange, where the ETF would be listed, and a U.S.-based spot BTC trading platform.

Surveillance-sharing agreements involve the sharing of information about market trading activity, clearing activity, and customer identification in order to prevent market manipulation.

The inclusion of this agreement in BlackRock’s application was seen as a potential breakthrough for the listing of a spot bitcoin ETF in the U.S., as the SEC has previously rejected numerous applications for it.

ARK’s application may now have a higher chance of being approved first, as it was filed earlier than BlackRock’s, as noted by Bloomberg ETF analyst Eric Balchunas.

Read More: Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

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