{"id":14144,"date":"2023-11-20T17:47:53","date_gmt":"2023-11-20T17:47:53","guid":{"rendered":"https:\/\/talentoculto.com.br\/?p=14144"},"modified":"2023-11-20T17:47:55","modified_gmt":"2023-11-20T17:47:55","slug":"ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14144","title":{"rendered":"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn\u2019t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.<\/p>\n<p>On Nov. 20,\u00a0ARK Invest\u00a0filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares.<\/p>\n<p>If approved, the ETF, named the ARK 21Shares Bitcoin ETF, will trade on the Chicago Board Options Exchange\u2019s\u00a0BZX Exchange under the ticker symbol ARKB, the updated filing reads.<\/p>\n<p>This latest update is ARK and 21Shares\u2019 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\u00a0in October, which was interpreted by experts as a \u201cgood sign\u201d of progress.<\/p>\n<p>In September 2023, the SEC again delayed its expected decision on ARK\u2019s application. The next deadline for the decision has been set for Jan. 11, 2024.<\/p>\n<p>According to Bloomberg ETF analyst Eric Balchunas, the latest filing includes many updates, including numerous risk disclosures designed to satisfy corporate finance requirements.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions<\/em><\/strong><\/p>\n<p>\u201cOne interesting thing is they are sticking to in-kind creations redemptions \u2014 albeit in a hybrid model \u2014 to minimize tax and spread issues,\u201d Balchunas noted. \u201cSemi-shocker to be honest, but in a good way,\u201d he added, stating:<\/p>\n<p>\u201cThe more updates to these documents the better, shows them getting these bad boys in shape for SEC approval.\u201d<\/p>\n<p>Bloomberg ETF watcher James Seyffart also suggested that the latest filing likely reflects that things are moving with the SEC conversations.<\/p>\n<p>While ARK has been actively amending its application, not all spot Bitcoin ETF filers have amended their filings. According to Steyfart\u2019s data, as of mid-November, Franklin Templeton and Global X were the only two firms out of 12 spot Bitcoin ETF filers that hadn\u2019t amended their S-1 filings.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>How to protect your crypto in a volatile market \u2014 Bitcoin OGs and experts weigh in<\/em><\/strong><\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/cathie-wood-ark-spot-bitcoin-etf-amend\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn\u2019t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. On Nov. 20,\u00a0ARK Invest\u00a0filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-14144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14144"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14144\/revisions"}],"predecessor-version":[{"id":14146,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14144\/revisions\/14146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14145"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}