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Bitcoin ETF

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<p class="p1" style="text-align: justify">ARK <a href="https://en.coin-turk.com/what-is-the-limit-on-crypto-exchanges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investment</a> Management, a cryptocurrency investment company founded by &lt;a href="https://en.coin-turk.com/crypto-<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a>-foresees-decline-in-bitcoin-growth-in-ripples-xrp/”&gt;Bitcoin advocate Cathie Wood, remains committed to launching a spot Bitcoin exchange-traded fund (ETF) in the United States despite ongoing challenges. ARK Invest has recently released an updated report for its spot Bitcoin ETF product, developed in collaboration with 21Shares, a Europe-based crypto asset manager, which it announced to the public on November 20.</p>
<h2 class="p1" style="text-align: justify" id="ark-investment-and-21shares-partnership-draws-attention">ARK Investment and 21Shares Partnership Draws Attention</h2>
<p class="p1" style="text-align: justify">Following the approval of the ETF fund, the ARK 21Shares Bitcoin ETF, including the partnership between ARK and 21Shares, will begin trading on the BZX Exchange under the symbol ARKB. The ETF product will be listed on the Chicago Board Options Exchange (CBOE).</p>
<p class="p1" style="text-align: justify">With the latest update, the third amendment was made in the Bitcoin ETF application report by ARK and 21Shares, after the companies initially applied for a spot Bitcoin ETF in April 2023. ARK had previously amended its S-1 registration statement for the spot Bitcoin ETF application in October, which was seen as a positive sign by experts.</p>
<p class="p1" style="text-align: justify">In September 2023, the SEC decided to postpone its expected decision on ARK’s spot Bitcoin ETF application. The next deadline for the decision by SEC officials was set for January 11, 2024.</p>
<p><img decoding="async" class="aligncenter wp-image-118524 size-full" src="https://coin-turk.com/wp-content/uploads/2021/07/arkinvestccoin-turk-com.jpg.jpg" alt="" width="1200" height="677"></p>
<h2 class="p1" style="text-align: justify" id="current-status-of-etf-applications">Current Status of ETF Applications</h2>
<p class="p1" style="text-align: justify">According to Eric Balchunas, an ETF analyst at Bloomberg, the latest filing includes numerous updates, including various risk disclosures developed to meet institutional financing requirements. Balchunas commented, “Interestingly, despite being a hybrid model to minimize tax and spread issues, they still have to adhere to the same conditions. It’s somewhat shocking, but in a good way. The more updates there are in these documents, the more it shows that the process is shaping up for SEC approval.”</p>
<p class="p1" style="text-align: justify">Following the recent development, Bloomberg ETF observer James Seyffart claimed that things are going well in the SEC discussions. While ARK actively modified its S-1 spot Bitcoin ETF application, some other spot Bitcoin ETF applicants have not yet made any updates to their applications. According to Seyffart’s mid-November data, out of the 12 spot Bitcoin ETF applicants that did not make changes to their S-1 applications, only two were from Franklin Templeton and Global X.</p> Continue Reading: <a href="https://en.coin-turk.com/ark-investment-and-21shares-partnership-draws-attention-in-bitcoin-etf-application/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/ark-investment-and-21shares-partnership-draws-attention-in-bitcoin-etf-application/</a>

ARK Investment and 21Shares Partnership Draws Attention in Bitcoin ETF Application

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