ARK Invest has filed its final S-1 amendment for its proposed spot Bitcoin ETF, positioning itself to be considered in the first wave of approvals in January. The Securities and Exchange Commission (SEC) reportedly set a deadline for applicants to file their final amendments by December 29, with the understanding that those who miss the deadline will not be part of the initial wave of potential approvals. ARK Invest filed its amendment on December 28, focusing on authorized participants.
Other firms are expected to submit amended S-1 filings in the coming days, as more than a dozen companies are vying for an approved spot Bitcoin ETF. Some analysts speculate that many issuers are waiting until the last minute to file their amendments to avoid revealing their strategies to competitors.
The flurry of activity leading up to the launch of spot Bitcoin ETFs in January has prompted increased interest and learning among traditional finance investors and cryptocurrency enthusiasts. This convergence of knowledge and investment vehicles is seen as a positive development for the industry.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Nate Geraci, James Seyffart, Eric Balchunas |
| Companies | Securities and Exchange Commission, Ark 21Shares Bitcoin ETF, Bloomberg, ETF Store, ARK Invest |
| Currencies | Bitcoin |
| Securities | None |
