Fun

News Feed - 2023-11-21 12:11:43

Helen Partz8 hours agoARK, 21Shares update spot Bitcoin ETF application as next SEC deadline loomsThe latest update is the third amendment to ARK and 21Shares’ Bitcoin exchange-traded fund prospectus since the firms first filed in April 2023.6004 Total views43 Total sharesListen to article 0:00NewsJoin us on social networksARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.


On Nov. 20, ARK Invest filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares.


If approved, the ETF, named the ARK 21Shares Bitcoin ETF, will trade on the Chicago Board Options Exchange’s BZX Exchange under the ticker symbol ARKB, the updated filing reads.


This latest update is ARK and 21Shares’ third amendment to the prospectus since the firms first filed for a spot Bitcoin ETF in April 2023. ARK previously amended its form S-1 registration statement in October, which was interpreted by experts as a “good sign” of progress.


In September 2023, the SEC again delayed its expected decision on ARK’s application. The next deadline for the decision has been set for Jan. 11, 2024.


According to Bloomberg ETF analyst Eric Balchunas, the latest filing includes many updates, including numerous risk disclosures designed to satisfy corporate finance requirements.


Related:WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions


“One interesting thing is they are sticking to in-kind creations redemptions — albeit in a hybrid model — to minimize tax and spread issues,” Balchunas noted. “Semi-shocker to be honest, but in a good way,” he added, stating:“The more updates to these documents the better, shows them getting these bad boys in shape for SEC approval.”


Bloomberg ETF watcher James Seyffart also suggested that the latest filing likely reflects that things are moving with the SEC conversations.


While ARK has been actively amending its application, not all spot Bitcoin ETF filers have amended their filings. According to Steyfart’s data, as of mid-November, Franklin Templeton and Global X were the only two firms out of 12 spot Bitcoin ETF filers that hadn’t amended their S-1 filings.


Magazine:How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in# Bitcoin# Investments# SEC# ETF# United States# RegulationAdd reactionAdd reactionRead moreHistory tells us we’re in for a strong bull market with a hard landingExpect some crypto companies to fail in the wake of Bitcoin"s halvingGary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler

News Feed

Free TON Community Achieves Sufficient Decentralization With the Network Becoming a Defacto Mainnet
Free TON Community Achieves Sufficient Decentralization With the Network Becoming a Defacto Mainnet The Free TON community declares achieving sufficient decentra
Cardano’s Alonzo Upgrade Date Revealed — ADA Gains Over 16% After Announcement
Cardano"s Alonzo Upgrade Date Revealed — ADA Gains Over 16% After Announcement On Friday, the price of the token cardano spiked over the $2 handle nearing the
Ana Paula Pereira4 hours agoUK crypto bill reaches final stage, on track for passageThe legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.1452
ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years
ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years The European Central Bank (ECB) says it is “starting to investigate” a digita
Bitcoin whales in accumulation phase, with BTC halving just a week away
Prashant Jha13 hours agoBitcoin whales in accumulation phase, with BTC halving just a week awayThe Bitcoin halving is scheduled for April 20, reducing the BTC block reward to 3.125 BTC per block.3839 Total views20 Total
Gareth Jenkinson10 hours agoSBI works with UAE’s TradeFinex to set up joint crypto venture in JapanSBI Holdings will work with UAE firm TradeFinex on a Japanese joint venture to boost the adoption of its enterprise blo
XRP ETF At 83% Approval Odds—Is The SEC Losing Grip?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar "Is Once Again the World"s Problem" Two days ago, U.S. president Joe Biden was criticized for clai
Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound?
Este artículo también está disponible en español. Ethereum has been struggling below the $2,800 mark for weeks, unable to reclaim it as support and spark a recovery rally
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 mi
Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price
Este artículo también está disponible en español. Ethereum has witnessed a huge surge in on-chain activityin the past week, with data showing an accumulation trend from c
Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS
Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia"s Request to Join BRICS The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dol