Breaking: Ark Invest, 21Shares File Another Amendment To Bitcoin ETF Filing
Cathie Wood led Ark Invest and 21Shares made yet another amendment to the form S-1 registration statement for Ark 21Shares Bitcoin ETF ($ARKB), just a day before the final deadline of December 29, 2023 the U.S. Securities and Exchange Commission (SEC) set for making amendments to the ETF filings.
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Final Amendment From Ark 21Shares?
On Thursday, December 28, 2023, Ark Invest and 21Shares filed amendment no. 5 to the form S-1, amid high anticipation of a spot Bitcoin ETF approval in the financial markets. The latest amendment is learnt to be centered around changes to the terms followed by the authorized participants. However, there could likely be yet another amendment before the launch of the Ark 21Shares Bitcoin ETF, according to Eric Balchunas, senior ETF Analyst at Bloomberg.
He said the naming of authorized participants could be seen in the final effective update ahead of the launch. Also, he said it is yet to be known if the US SEC and the Ark 21Shares partnership signed an agreement. The amendment from Ark 21Shares in the context of the Cathie Wood company closing out a position in the Grayscale Bitcoin Trust (GBTC), in apparent indication of a change in strategy ahead of the Bitcoin ETF approval in early January 2024.
Almost Certain Of Approval
Going by the analyst comments and the recent statement from Wood, it appears that the spot ETF approval is imminent and only is a question of time before the first ever such ETF becomes operational in the United States. Earlier, CoinGape reported Wood as saying that the dialogues with the US SEC staff on the ETFs are very positive and encouraging.
On the other side, the potential ETF approval would be followed by the crypto community would be bracing for the much awaited Bitcoin Halving event, which is scheduled for the second quarter of 2024.
Also Read: 2024 Outlook: VanEck Makes Bullish Bitcoin Forecast as Investment Fund Grows
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