Ark has once again made changes to its application to establish a spot Bitcoin exchange-traded fund (ETF).
According to the document filed with the US Securities and Exchange Commission (SEC), the Ark 21Shares Bitcoin ETF is in S-1 form. third time update done.
Eric Balchunas, Bloomberg’s senior ETF analyst, described the update as “a bit surprising, obviously, but in a good way.” “The more updates to these documents the better, it shows that they are making them suitable for SEC approval.” he commented.
Updating applications submitted to the SEC, facilitating communication between regulators and applicants a constructive dialogue indicates that it is. “This likely means discussions with the SEC are still progressing,” Bloomberg analyst James Seyffart said. said.