ARK Investment Management, founded by famous US investor Cathie Wood, has re-applied for the previously rejected “ARK 21Shares” spot Bitcoin (BTC) exchange-traded fund (ETF).
US Securities and Exchange Commission (SEC) by Thursday, May 26 According to the documents shared ARK Invest, May 13The SEC has previously denied, with a filing in “ARK 21Shares” spot Bitcoin ETFfor in a new application found. Applicationfrom Chicago Board Options Exchange (CBOE) BZX contains a suggested rule change.
The application is the SEC’s April It came shortly after the ARK rejected its 21Shares Bitcoin ETF application earlier this month. ARK Investlast year June per month on the CBOE BZX exchange European ETF issuer to apply for a listed spot Bitcoin ETF 21Shares had partnered with.
According to the last filing, the investment purpose is, Attempting to monitor the performance of Bitcoin in line with the performance of the S&P Bitcoin Index the one which… ARK 21Shares Bitcoin ETFThe following statements were included in the application about: “The ETF will hold Bitcoin and evaluate the shares daily against the index to achieve its investment target”
The crypto community has been wondering when the SEC, which has not approved any spot Bitcoin ETF applications so far, will give an approval. According to Bloomberg ETF Analysts, the SEC to the summer months of 2023 may begin to approve spot ETFs until
Bloomberg Analysts: SEC May Start Approving Spot Bitcoin (BTC) ETF By Summer 2023
Related article: Bloomberg Analysts: SEC May Start Approving Spot Bitcoin (BTC) ETF By Summer 2023