A Good Sign for a Spot ETF
BlackRock, Ark Invest and 21Shares have recently revised (1, 2) their applications for a spot Bitcoin ETF. Notably, the ticker ARK 21SHARES BITCOIN ETF (ARKB) has appeared on the DTCC website.
On this page
BlackRock, Ark Invest and 21Shares have recently revised (1, 2) their applications for a spot Bitcoin ETF. Notably, the ticker ARK 21SHARES BITCOIN ETF (ARKB) has appeared on the DTCC website.
These
updates signal the firms' alignment with others that have agreed to
adhere to the U.S. Securities and Exchange Commission's (SEC) terms for
issuing and redeeming shares exclusively in cash.
This
strategic move implies that these companies are proactively meeting the
SEC's requirements in anticipation of approval. Eric Balchunas, a
senior ETF analyst at Bloomberg, expressed his perspective on this
development:
“That’s basically a wrap. Debate over. In-kind will have to wait. It’s all about getting ducks in row bf holidays. Good sign.”
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
