Veteran investor Cathie Wood’s ARK Investment Management and Swiss investment product issuer 21Shares are trying their luck again at getting a spot Bitcoin exchange-traded fund (ETF) approved.
See related article: SEC comes around on Bitcoin ETFs
Fast facts
- Cboe BZX Exchange, Inc. is seeking the Securities and Exchange Commission’s (SEC) approval to a proposed rule change that will allow for the listing and trading of the ARK 21Shares Bitcoin ETF.
- The SEC is soliciting comments on the rule change and the application.
- The ETF will seek to track the performance of Bitcoin, as measured by the performance of the S&P Bitcoin Index, and will hold Bitcoin, according to the filing.
- ARK Investment’s fresh attempt comes after the SEC shot down its spot Bitcoin ETF application two months ago, citing a lack of investor protection.
See related article: Grayscale fancies SEC green light for Bitcoin spot ETF