ARKB Fund Fee

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ARK Invest, led by renowned growth investor Cathie Wood, in collaboration with European-based cryptocurrency investment firm 21Shares, has made a significant update to their spot bitcoin ETF filing. The latest amendment, filed on Monday, reveals a fund fee of 0.80% and provides additional risk disclosures.

This third amendment to their S-1 ETF filing was submitted to the U.S. Securities and Exchange Commission (SEC) and includes new details about the fund’s operational aspects. The proposed ETF, which aims to track the performance of Bitcoin, is set to trade on the BZX Exchange operated by the Chicago Board Options Exchange under the ticker symbol ARKB.

ETF Newz Says:

The move by ARK Invest and 21Shares comes amid a flurry of activity in the cryptocurrency ETF space. Several firms, including WisdomTree Investments, updated their spot bitcoin ETF filings on Nov. 16. These updates are seen as a response to ongoing discussions with the SEC, signaling progress towards potential approval of such products.

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