- ARK Invest and 21Shares filed Amendment No. 5 to the S-1 registration statement for Ark 21Shares Bitcoin ETF (ARKB) just one day before the SEC-set deadline of December 29, 2023, for finalizing changes to the S-1.
- According to Eric Balchunas, a senior ETF analyst at Bloomberg, there will likely be another amendment before the launch of the Ark 21Shares Bitcoin ETF.
- As previously reported by COINTAG, Wood mentioned that the dialogue with SEC staff regarding ETFs has been very positive and encouraging.
Ark Invest and 21Shares, led by Cathie Wood, made one last update before December 29: Here are the details!
ARK Invest and 21Shares Make Another Update
Under the leadership of Cathie Wood, ARK Invest, and 21Shares made another update to the S-1 registration statement for Ark 21Shares Bitcoin ETF (ARKB) just one day before the SEC-set deadline of December 29, 2023, for finalizing changes to the S-1. The update, known as Amendment No. 5, was filed on Thursday, December 28, 2023. The latest amendment is reported to focus on changes to terms tracked by authorized participants, a term followed by financial markets, as the spot Bitcoin ETF approval is highly anticipated during a period of elevated expectations.
However, according to Eric Balchunas, a senior ETF analyst at Bloomberg, there will likely be another amendment before the launch of the Ark 21Shares Bitcoin ETF. Balchunas mentioned that the naming of authorized participants could be seen in the final active update before the launch.
Additionally, it is not yet known whether there is an agreement between the SEC and Ark 21Shares. The change in 21Shares is in the context of Cathie Wood’s strategy change regarding Bitcoin ETF approval, involving the closing of positions in Grayscale Bitcoin Trust (GBTC).
Approval is Almost Certain
According to analyst comments and Wood’s previous statements, it appears that the approval of the spot ETF is imminent, and it is only a matter of time before an ETF operates in the United States for the first time. As reported by COINTAG earlier, Wood mentioned that the dialogue with SEC staff regarding ETFs has been very positive and encouraging. On the other hand, the potential ETF approval will follow the cryptocurrency community’s preparation for the long-awaited Bitcoin Halving event scheduled for the second quarter.
