Ark Invest’s update to its spot Bitcoin (BTC) ETF application indicates that approval is approaching.
While spot Bitcoin ETF applications and subsequent postponement decisions continue to be an increasingly exciting process, new development happened.
Cathie Wood’s investment company, Ark Invest, has updated and resubmitted the file on the spot Bitcoin ETF application. This update is from the U.S. Securities and Exchange Commission. (SEC) in the past weeks ETF issuers one sent for in reply to e-mail happened.
Bloomberg’s ETF analyst Eric Balchunas shared on Twitter: in postin the new file presented by ARK Invest NAV (net asset value) that he changed his calculations and made this a general statement that the United States to accepted accounting principles He stated that he explained things about why it was not appropriate.
Balchunas also owns ARK Invest cryptocurrency storage And Bitcoin blockchain related to that customer funds will not be mixed He said he added new sentences.
The latest development is that Ark Invest is subject to requests from the SEC. fully interested in all and regulator drying throws the ball again It was interpreted as. of this too durable And a good sign It was stated that.
Balchunas, SEC with ARK Invest However, the exchange of information between is positive he emphasized.
Everything points to approval
Blockchain Association Chief Policy Officer (CPO) Jake Chervinsky tweeted on ARK Invest’s update: in the statementsaid that nothing is over yet and the developments point to approval for the spot Bitcoin ETF.
Joint application of Ark Invest and 21 Shares “ARK 21Shares” (ARKB) is the third to apply for spot Bitcoin ETF. approval, rejection or delay decision Until January 15, 2024 will be announced.