Cathie Wood's Ark Invest Submits Third Amendment To Bitcoin ETF Filing: 'Things Are Likely Still Moving With SEC Conversations'
Portfolio Pulse from Khyathi Dalal
Ark Invest, led by Cathie Wood, has filed a third amendment to its spot Bitcoin ETF filing, indicating ongoing conversations with the SEC. The proposed ARK 21Shares Bitcoin ETF, to be traded under the ticker 'ARKB' on the BZX Exchange, includes a fee structure and enhanced risk disclosures. Bloomberg experts view these updates as positive signs for eventual SEC approval. The deadline for the SEC's decision is now January 11, 2024.
November 20, 2023 | 10:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ARK Invest's proposed ARK 21Shares Bitcoin ETF, ticker 'ARKB', has filed a third amendment, showing progress in the SEC approval process with a new fee structure and risk disclosures.
The filing of a third amendment for the ARK 21Shares Bitcoin ETF (ARKB) suggests that Ark Invest is actively engaging with the SEC and making progress towards meeting regulatory requirements. The introduction of a fee structure and additional risk disclosures are likely to be viewed positively by investors seeking transparency and regulatory compliance. This could increase investor confidence and anticipation, potentially leading to a positive short-term impact on the ETF's price once it is approved and listed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100