Cathie Wood’s ARK Investment Management, together with Swiss crypto custodian 21Shares, has filed a registration notice for the ARK 21Shares Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).
Using Form 8-A, the company registered its securities on the Cboe BZX Exchange on January 4. That day, two bitcoin trusts – that of VanEck and Grayscale – also registered their securities on the same exchange, as well as the NYSE Arca, respectively, with the same form.
On January 3, Fidelity’s spot Bitcoin ETF got approval for listing on the Cboe BZX Exchange. The SEC now has until January 10 to decide whether it will approve or reject the ARK 21Shares Bitcoin ETF. Last year, the regulator turned down the ARK 21Shares Bitcoin ETF on Cboe BZX on Jan. 26, 2023, citing inadequate safeguards against fraud and manipulation
The ARK 21Shares Bitcoin ETF will charge a yearly fee of 0.80% for costs like listing and marketing, if the SEC approves it.
