{"id":447284,"date":"2023-10-12T11:49:07","date_gmt":"2023-10-12T11:49:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=447284"},"modified":"2023-11-03T11:44:01","modified_gmt":"2023-11-03T11:44:01","slug":"arks-amended-bitcoin-etf-filing-seen-as-hugely-positive","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/arks-amended-bitcoin-etf-filing-seen-as-hugely-positive","title":{"rendered":"Ark’s Amended Bitcoin ETF Filing Seen As ”Hugely Positive”"},"content":{"rendered":"
ARK Invest and 21Shares submitted an amendment to their spot Bitcoin exchange-traded fund (ETF) application that analysts say may nudge it closer to a landmark approval.<\/span><\/p>\n The amended application, filed<\/a> on Oct. 11,\u00a0 provides additional details that in particular focus on asset custody practices and asset valuation methods. <\/span><\/p>\n “It means ARK got the SEC’s comments and has dealt with them all, and now put ball back in SEC court,” tweeted Bloomberg Intelligence analyst Eric Balchunas, referring to the Securities and Exchange Commission by its initials. “IMO good sign, solid progress.”<\/p>\n There's 5 extra pages in new S-1 but the new stuff is sprinkled throughout like the two above egs. So what does this mean? It means ARK got the SEC's comments and has dealt with them all, and now put ball back in SEC's court. IMO good sign, solid progress.<\/p>\n — Eric Balchunas (@EricBalchunas) October 11, 2023<\/a><\/p><\/blockquote>\n\n