21Shares reiterates its application for a Bitcoin ETF with ARK Investment.
21Shares has filed a filing in partnership with ARK Investment, claiming that they will offer U.S. investors protections for their spot Bitcoin ETF.
21Shares and ARK Investment Reiterate Bitcoin ETF Offer
21Shares and ARK Investment’s rejected Bitcoin ETF is on the agenda again. The two companies are reintroducing the terms of the ETF, further clarifying it.
Hany Rashwan, CEO of 21Shares, stated in an interview that American investors are primarily harmed by international crypto scams. However, he stated that they are very excited about the future of cryptocurrency. Additionally, he added that they think the United States will play a major role in this area. Known for her ARK Innovation ETF offering in the US, Cathie Wood has been working as an independent board member with 21Shares since her initial application date.
The ARK 21Shares Bitcoin ETF, which will trade under the acronym ARKB, will track Bitcoin’s price as measured by the S&P Bitcoin Index. 21Shares was among the many applications rejected by the U.S. Securities and Exchange Commission for this proposal, which it previously filed in 2021 and last May.
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