It has been just revealed the fact that ARK 21Shares filed a registration of securities for their spot BTC ETF with the SEC.
New spot BTC ETF filing incoming
Here’s the tweet coming from Bitcoin Magazine below:
It has been just revealed the fact that ARK 21Shares filed a registration of securities for their spot BTC ETF with the SEC.
New spot BTC ETF filing incoming
Here’s the tweet coming from Bitcoin Magazine below:
omeone commented: “ARK 21Shares filing a securities registration for a spot Bitcoin ETF with the SEC signifies ongoing interest from financial institutions in expanding cryptocurrency investment options. It reflects a proactive approach towards integrating Bitcoin into traditional financial markets.”
Another follower commented: “Good for us all. Honestly there isnt another way to suddenly create an influx of cash and create a sudden value inside the market without bitcoin. Its like a great company with billion in capital and used by millions goods is going public. The market needs it and so do we all.”
In other recent news, Fidelity has met with the SEC on multiple occasions to discuss the application and provide insight on how important the ETF will be.
The company submitted its Bitcoin ETF application in June and is making rapid progress through the approval process. Additionally, Fidelity has filed for a pending Spot Ethereum ETF with the SEC in November.
While many consider Fidelity’s registration of securities and its spot Bitcoin ETF listing as a positive development, some critics have expressed concerns about these investment vehicles.
The next step for Fidelity is for the SEC to review the securities registration, which has already been accepted.
Several experts predict that the approval for the Spot Bitcoin ETF could come as early as this month, with the latest being the end of Q1 2024.
Although the duration of this next step is currently unknown, the news may encourage other investment or asset firms to submit their securities registrations soon.
