\n
ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn\u2019t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.<\/p>\n
On Nov. 20,\u00a0ARK Invest\u00a0filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares.<\/p>\n
If approved, the ETF, named the ARK 21Shares Bitcoin ETF, will trade on the Chicago Board Options Exchange\u2019s\u00a0BZX Exchange under the ticker symbol ARKB, the updated filing reads.<\/p>\n
This latest update is ARK and 21Shares\u2019 third amendment to the prospectus since the firms first filed for a spot Bitcoin ETF in April 2023. ARK previously amended its form S-1 registration statement\u00a0in October, which was interpreted by experts as a \u201cgood sign\u201d of progress.<\/p>\n
In September 2023, the SEC again delayed its expected decision on ARK\u2019s application. The next deadline for the decision has been set for Jan. 11, 2024.<\/p>\n
According to Bloomberg ETF analyst Eric Balchunas, the latest filing includes many updates, including numerous risk disclosures designed to satisfy corporate finance requirements.<\/p>\n
Related: <\/em><\/strong>WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions<\/em><\/strong><\/p>\n\u201cOne interesting thing is they are sticking to in-kind creations redemptions \u2014 albeit in a hybrid model \u2014 to minimize tax and spread issues,\u201d Balchunas noted. \u201cSemi-shocker to be honest, but in a good way,\u201d he added, stating:<\/p>\n
\u201cThe more updates to these documents the better, shows them getting these bad boys in shape for SEC approval.\u201d<\/p><\/blockquote>\n
Bloomberg ETF watcher James Seyffart also suggested that the latest filing likely reflects that things are moving with the SEC conversations.<\/p>\n
While ARK has been actively amending its application, not all spot Bitcoin ETF filers have amended their filings. According to Steyfart\u2019s data, as of mid-November, Franklin Templeton and Global X were the only two firms out of 12 spot Bitcoin ETF filers that hadn\u2019t amended their S-1 filings.<\/p>\n
Magazine: <\/em><\/strong>How to protect your crypto in a volatile market \u2014 Bitcoin OGs and experts weigh in<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn\u2019t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. On Nov. 20,\u00a0ARK Invest\u00a0filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. […]<\/p>\n","protected":false},"author":1,"featured_media":25329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-25328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\n
ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms | NFT & Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms | NFT & Crypto News\" \/>\n<meta property=\"og:description\" content=\"ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn\u2019t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. On Nov. 20,\u00a0ARK Invest\u00a0filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT & Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-20T16:52:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T16:52:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms\",\"datePublished\":\"2023-11-20T16:52:24+00:00\",\"dateModified\":\"2023-11-20T16:52:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\"},\"wordCount\":346,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\",\"name\":\"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms | NFT & Crypto News\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg\",\"datePublished\":\"2023-11-20T16:52:24+00:00\",\"dateModified\":\"2023-11-20T16:52:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage\",\"url\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg\",\"contentUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nftandcrypto-news.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#website\",\"url\":\"https:\/\/nftandcrypto-news.com\/\",\"name\":\"NFT & Crypto News\",\"description\":\"Latest NFT and Crypto News\",\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nftandcrypto-news.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\",\"name\":\"NFT & Crypto News\",\"url\":\"https:\/\/nftandcrypto-news.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png\",\"contentUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png\",\"width\":844,\"height\":205,\"caption\":\"NFT & Crypto News\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\",\"name\":\"Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g\",\"caption\":\"Staff\"},\"sameAs\":[\"https:\/\/nftandcrypto-news.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms | NFT & Crypto News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/","og_locale":"en_US","og_type":"article","og_title":"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms | NFT & Crypto News","og_description":"ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn\u2019t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. On Nov. 20,\u00a0ARK Invest\u00a0filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. […]","og_url":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/","og_site_name":"NFT & Crypto News","article_published_time":"2023-11-20T16:52:24+00:00","article_modified_time":"2023-11-20T16:52:27+00:00","og_image":[{"width":1200,"height":799,"url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg","type":"image\/jpeg"}],"author":"Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#article","isPartOf":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/"},"author":{"name":"Staff","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792"},"headline":"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms","datePublished":"2023-11-20T16:52:24+00:00","dateModified":"2023-11-20T16:52:27+00:00","mainEntityOfPage":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/"},"wordCount":346,"commentCount":0,"publisher":{"@id":"https:\/\/nftandcrypto-news.com\/#organization"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage"},"thumbnailUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg","articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/","url":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/","name":"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms | NFT & Crypto News","isPartOf":{"@id":"https:\/\/nftandcrypto-news.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage"},"thumbnailUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg","datePublished":"2023-11-20T16:52:24+00:00","dateModified":"2023-11-20T16:52:27+00:00","breadcrumb":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#primaryimage","url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg","contentUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/nftandcrypto-news.com\/crypto\/ark-21shares-update-spot-bitcoin-etf-application-as-next-sec-deadline-looms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nftandcrypto-news.com\/"},{"@type":"ListItem","position":2,"name":"ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms"}]},{"@type":"WebSite","@id":"https:\/\/nftandcrypto-news.com\/#website","url":"https:\/\/nftandcrypto-news.com\/","name":"NFT & Crypto News","description":"Latest NFT and Crypto News","publisher":{"@id":"https:\/\/nftandcrypto-news.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nftandcrypto-news.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nftandcrypto-news.com\/#organization","name":"NFT & Crypto News","url":"https:\/\/nftandcrypto-news.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/","url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png","contentUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png","width":844,"height":205,"caption":"NFT & Crypto News"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792","name":"Staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g","caption":"Staff"},"sameAs":["https:\/\/nftandcrypto-news.com"]}]}},"jetpack_featured_media_url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/11\/1700499145_7af33720-0dcf-4f6f-9983-7fd9caff3160.jpg","_links":{"self":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/25328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/comments?post=25328"}],"version-history":[{"count":1,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/25328\/revisions"}],"predecessor-version":[{"id":25330,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/25328\/revisions\/25330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/media\/25329"}],"wp:attachment":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/media?parent=25328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/categories?post=25328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/tags?post=25328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}