ARK Investment, 21Shares take another shot at a spot Bitcoin ETF

ARK Investment, 21Shares take another try at spot Bitcoin ETF

Posted on


Veteran investor Cathie Wood’s ARK Investment Management and Swiss investment product issuer 21Shares are trying their luck again at getting a spot Bitcoin exchange-traded fund (ETF) approved.

See related article: SEC comes around on Bitcoin ETFs

Fast facts

  • Cboe BZX Exchange, Inc. is seeking the Securities and Exchange Commission’s (SEC) approval to a proposed rule change that will allow for the listing and trading of the ARK 21Shares Bitcoin ETF.
  • The ETF will seek to track the performance of Bitcoin, as measured by the performance of the S&P Bitcoin Index, and will hold Bitcoin, according to the filing.
  • ARK Investment’s fresh attempt comes after the SEC shot down its spot Bitcoin ETF application two months ago, citing a lack of investor protection.

See related article: Grayscale fancies SEC green light for Bitcoin spot ETF



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *