ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the American Depository Trust and Clearing Corporation (DTCC) website, despite rumors swirling on social media.
On October 25, many well-known cryptocurrency accounts on website.
break in:
CATHIE WOODS’ ARK Spot Bitcoin ETF is now listed on the DTCC website with ticker and CUSIP— Mike Alfred (@mikealfred) October 25, 2023
However, none of the screenshots show the correct ticker for the spot Bitcoin ETF, but rather the ticker associated with the futures product.
Recently modified Archive Ark’s spot Bitcoin ETF has shown since October 11 that the fund will trade under the ticker “ARKB”.
As of October 25, the section of the DTCC website that shows all current ETF listings shows no listings under the ticker ARKB.
The stock code “ARKA” refers to the ARK 21Shares Active Bitcoin Futures ETF. According to the latest Archive On August 11, this is a yet-to-be-approved fund that will provide investors with exposure to Bitcoin futures contracts.
The ticker symbols ARKY and ARKZ refer to the ARK 21Shares Active Ethereum Futures ETF and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF respectively – both of which are still proposed products pending approval by the U.S. Securities and Exchange Commission.
News of the iShares IPO also appear to have been exaggerated.
While the cryptocurrency market surged with the news that BlackRock’s iShares Spot Bitcoin ETF (IBTC) had been listed on the DTCC website, a DTCC spokesperson recently revealed that IBTC has been listed on the site since August.
The spokesperson said that DTCC’s addition of securities to the NSCC securities qualification document is standard practice “in preparation for the launch of new ETFs into the market.”
related: BlackRock’s iShares Bitcoin ETF mysteriously disappears from DTCC website, then reappears
“Appearance on the list does not indicate the outcome of any outstanding regulatory or other approval process,” the spokesperson added.
Traders noted BlackRock’s listing of the spot ETF on the DTCC website as Bitcoin surged 14% in a single day, briefly topping $35,000 for the first time in nearly two years.
Around the same time ARK listing rumors first surfaced, Bloomberg senior ETF analyst Eric Balchunas wrote that ARK Invest had submitted a fourth revision to its spot Bitcoin ETF application, which appeared to be largely filler. surface modification.
ARK just filed Amendment 4 to its 19b-4, which appears to incorporate changes made to its S-1 (again to address SEC qs). I guess just want to keep both files consistent (the first issuer to do this).I don’t see anything else to read except CC @SGJohnsson pic.twitter.com/NE4Gy3spgN
— Eric Balchunas (@EricBalchunas) October 24, 2023
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