The SEC has until Jan. 10 to rule on the ARK 21Shares Bitcoin ETF application.
The ARK 21Shares Bitcoin ETF, an exchange-traded fund proposed by ARK Investment Management’s Cathie Wood and Swiss crypto custodian 21Shares, has filed a registration notice with the U.S. Securities and Exchange Commission.
The firm used Form 8-A to register its shares as securities listed on the Cboe BZX Exchange on Jan. 4. The same day, the VanEck Bitcoin Trust and the Grayscale Bitcoin Trust used Form 8-A to register their shares as securities listed on the Cboe BZX Exchange and New York Stock Exchange Arca, respectively. The day prior, the Cboe BZX Exchange approved registration for listing Fidelity’s spot Bitcoin (BTC) ETF.
The SEC has until Jan. 10 to decide whether to reject or approve listing shares of a Bitcoin ETF from ARK Invest and 21Shares. The regulatory body has never approved a spot Bitcoin ETF for listing on a U.S. exchange, although many applications are currently pending. On Jan. 26, 2023, the SEC rejected a proposal to list the ARK 21Shares Bitcoin ETF on Cboe BZX, stating that the application lacked sufficient measures “to prevent fraudulent and manipulative acts.”
