ARK Invest and 21Shares have made amendments to their joint spot Bitcoin ETF application, which could indicate progress towards approval. The amended filing includes additional information on how the fund will custody assets and determine asset values. Bloomberg senior ETF analyst Eric Balchunas believes the changes address concerns raised by the SEC and are a positive sign of progress. The filing also clarifies that the ETF's assets are held in segregated accounts on the Bitcoin blockchain and not commingled with corporate or other customer assets.
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ARK Invest and 21Shares' Bitcoin ETF Application Amended with Additional Information, Seen as a Good Sign for Progress and Approvals
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