https://www.msn.com/en-us/money/markets/blackrock-s-bitcoin-etf-application-takes-surveillance-to-the-next-level/ar-AA1dJ4G9

BlackRock’s application sparked a flurry of follow-on filings with the now-ubiquitous Surveillance-Sharing Agreement (SSA) added. But what’s more likely to influence the U.S. Securities and Exchange Commission (SEC)’s decision is an information-sharing deal that flips the position of power in the arrangement and gives regulators the right to demand extra background