ARK Invest and 21Shares refine Bitcoin ETF filing, hint at progress
ARK Invest and 21Shares have amended their filing for a bitcoin exchange-traded fund (ETF). Experts consider it a sign of working jointly with the U.S. SEC. The amendment, filed on Oct. 11, provides more details on the proposed ETF, including its name, ticker symbol, fee structure, and custodian. The document now has five pages added — allegedly, following the the Securities and Exchange Commission (SEC) comments. ETF analyst at Bloomberg Erich Balchunas calls the amendment of the ETF a sign of good progress . There's 5 extra pages in new S-1 but the new stuff is sprinkled throughout like the two above egs. So what does this mean? It means ARK got the SEC's comments and has dealt with them all, and now put ball back in SEC's court. IMO good sign, solid progress . — Eric Balchunas (@EricBalchunas) October 11, 2023 Ark Invest and 21Shares ETF According to the filing , the ETF will be called the ARK 21Shares Bitcoin ETF. It will trade under the symbol ARKB on the...