Regardless of swirling rumors on social media, ARK Make investments’s spot Bitcoin (BTC) exchange-traded fund (ETF) doesn’t seem like listed on the Depository Belief and Clearing Company’s (DTCC) web site.
On Oct. 25, quite a few high-profile crypto accounts on X (Twitter) together with Mike Alfred, Bitcoin Information, Merely Bitcoin, Crypto Information Alerts and others posted tweets and screenshots claiming ARK Make investments and 21 Shares’ joint spot Bitcoin ETF had been listed on the DTCC’s website.
BREAKING:
CATHIE WOODS’ ARK SPOT BITCOIN ETF IS NOW LISTED ON THE DTCC WEBSITE WITH TICKER AND CUSIP— Mike Alfred (@mikealfred) October 25, 2023
Nevertheless, not one of the screenshots confirmed the right ticker for the spot Bitcoin ETF, as an alternative displaying tickers associated to futures merchandise.
The newest amended filing for Ark’s spot Bitcoin ETF from Oct. 11 exhibits that the fund will commerce utilizing the ticker “ARKB.”
As of Oct. 25, the part of the DTCC web site displaying all present ETF listings exhibits no itemizing beneath the ticker of ARKB.
The ticker “ARKA” refers back to the ARK 21Shares Lively Bitcoin Futures ETF, which based on the latest filing on Aug. 11, is a yet-to-be-approved fund that may supply buyers publicity to Bitcoin futures contracts.
The tickers ARKY and ARKZ respectively check with the ARK 21Shares Lively Ethereum Futures ETF and the ARK 21Shares Lively Bitcoin Ethereum Technique ETF — each are nonetheless proposed merchandise pending approval with the Securities and Change Fee.
It’s starting to appear like the iShares itemizing information was overhyped too.
Whereas the crypto market soared on the information that BlackRock’s iShares spot Bitcoin ETF (IBTC) had been listed on the DTCC’s website, a DTCC spokesperson not too long ago revealed that IBTC had been listed on the web site since August.
The spokesperson mentioned it’s commonplace follow for the DTCC so as to add securities to the NSCC safety eligibility file “in preparation for the launch of a brand new ETF to the market.”
Associated: BlackRock’s iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC site
“Showing on the checklist is just not indicative of an final result for any excellent regulatory or different approval processes,” the spokesperson added.
Merchants noticing BlackRock’s spot ETF itemizing on the DTCC web site coincided with a 14% single-day rally for Bitcoin, which briefly broke $35,000 for the first time in practically two years.
Across the identical time because the rumors of an ARK itemizing first started to floor, Bloomberg senior ETF analyst Eric Balchunas wrote that ARK Make investments had filed a fourth modification to its spot Bitcoin ETF utility, which appeared to be largely beauty adjustments to the filling.
ARK simply filed modification #4 to their 19b-4, appears like it’s to include adjustments made to their S-1 (which once more had been to deal with SEC qs). I assume simply need to make each docs be in tune (first issuer to take action). I do not see the rest to learn into right here however cc @SGJohnsson pic.twitter.com/NE4Gy3spgN
— Eric Balchunas (@EricBalchunas) October 24, 2023
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