ARK First Spot Bitcoin ETF?

ARK Investment Management has made amendments to its spot Bitcoin ETF application with the United States Securities and Exchange Commission (SEC), aligning it with BlackRock’s recent filing. The updated application includes a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and a cryptocurrency exchange, most likely Coinbase according to Bloomberg ETF analyst Eric Balchunas.

ETF Newz Says:

With these amendments, ARK’s filing update positions it ahead of its competitors in the race to launch the first Bitcoin ETF in the United States. This signals ARK’s intent to gain an advantage in securing regulatory approval and bringing a spot Bitcoin ETF to the market. However, it’s important to note that the approval of a Bitcoin ETF still depends on the evaluation and decision-making process of the SEC, and there is no guarantee of approval.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

BlackRock Introduces TIPS ETF Suite to iShares iBonds Lineup

BlackRock, a global investment management corporation, has expanded its iShares iBonds ETF offerings with the introduction of the...

Grayscale Takes a Bold Step with Ethereum Futures ETF Filing

Grayscale Investments, a leading crypto asset management firm, has submitted a filing for a new ETF focused on...

SEC Under Scrutiny Over U.S. Spot Bitcoin ETFs Decision

The U.S. Securities and Exchange Commission (SEC) faces criticism from a U.S. appeals court over its decision-making process...

Grayscale Continues Efforts To Launch Ethereum ETF

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG), is making significant strides by applying for an...