Spot

<ul class="news-points"> 
 <li><strong>ARK Investment Management LLC presents an updated version of their Bitcoin spot ETF prospectus.</strong></li> 
 <li><strong>The platform addressed various concerns highlighted by the SEC.</strong></li> 
 <li><strong>Highlighting the SEC’s concern on Net Asset Value (NAV), ARK Invest stated that NAV calculation does not comply with GAAP.</strong></li> 
</ul> 
<p>American asset management company ARK Investment Management LLC submitted an amendment to the <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a>, flagging the potential Bitcoin spot ETF approval. According to a recent post on X (formerly Twitter) by Eric Balchunas, the Senior ETF Analyst at Bloomberg, the firm has presented a substantial update to its spot bitcoin ETF prospectus, addressing various topics that the regulators previously asked the ETF issuers to talk about.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">ARK has just filed an updated version of its spot bitcoin ETF prospectus. The SEC emailed issuers a few wks ago with comments/qs about their S-1 that they wanted addressed so is very poss ARK has answered all that in this filing. We looking thru it now.. <a href="https://t.co/AlwTt82WU0" target="_blank" rel="nofollow">pic.twitter.com/AlwTt82WU0</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1712187138932953138?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 11, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Primarily, ARK Investment acknowledged the SEC’s comments on the Net Asset Value (NAV)…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/ark-investment-submits-revised-bitcoin-spot-etf-prospectus/">ARK Investment Submits Revised Bitcoin Spot ETF Prospectus</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ARK Investment Submits Revised Bitcoin Spot ETF Prospectus

Coin Edition

Other articles published on Oct 12, 2023

Republik's $6 Million Funding Boosts Valuation to $75 Million in Web3 Quest – Crypto Funding Maki...

Think Tanks on Today’s CPI Data and its Impact on the Crypto Market!

Cronos Price Prediction: Will CRO Price Show Pullback Rally?

XRP Price Analysis: Key Levels to Watch on Two Different Charts

US lawmakers urge Treasury, IRS to hasten implementation of crypto tax rules by 2 years

Aditya Baradwaj Exposes $190M Security Flaws at Alameda Research

Join our free newsletter for daily crypto updates!