An American investment management firm, ARK Investment, has filed another updated prospectus for their potential Bitcoin exchange-traded fund (ETF), indicating ongoing discussions with the Securities and Exchange Commission (SEC).
The spot Bitcoin ETF’s third amendment discloses a slight fee increase from 70 to 80 bps, hinting at slightly higher expected expense ratios. Upon approval, the ARK 21Shares Bitcoin ETF will trade on the Chicago Board Options Exchange (CBOE) BZX Exchange as ARKB.
The frequent updates to the S-1 document suggest that ARK is actively refining the details for SEC approval, a positive sign for the progress of the Bitcoin ETF.
In an October 11 filing, additional details were provided regarding the custody of assets and determining asset values for the proposed spot Bitcoin ETF.
The continuous updates reflect ARK’s commitment to meeting regulatory requirements and improving the chances of securing SEC approval for the Bitcoin ETF.
Also Read: Ark Investment Teams up with 21 Shares for Bitcoin Futures ETF
