ARK Invest Files Third Amendment for Spot Bitcoin ETF with SEC

In a significant development, ARK Invest has filed its third amendment for a spot Bitcoin ETF with the Securities and Exchange Commission (SEC). The deadline for the ETF approval is set for January 10th, 2024. Insider sources indicate a high probability of approval for the spot Bitcoin ETF.

ARK Invest, a prominent investment management firm based in the United States, has made headlines with its latest move in the cryptocurrency market. The company has filed its third amendment for a spot Bitcoin exchange-traded fund (ETF) with the SEC, signaling its continued efforts to bring a Bitcoin ETF to market.

The spot Bitcoin ETF, if approved, would allow investors to gain exposure to Bitcoin without having to directly own or store the cryptocurrency. This would open up new opportunities for both retail and institutional investors who are seeking to include Bitcoin in their portfolios.

The filing of the third amendment indicates ARK Invest’s determination to navigate through the regulatory hurdles associated with launching a Bitcoin ETF. It demonstrates the company’s commitment to providing innovative investment products to its clients and capitalizing on the growing interest in cryptocurrencies.

The deadline for the SEC’s decision on the spot Bitcoin ETF is set for January 10th, 2024. This gives the regulatory body ample time to review the amendment and make a well-informed decision. While there are no guarantees of approval, insider sources suggest that the chances of the spot Bitcoin ETF receiving the green light are as high as 99%.

If approved, the spot Bitcoin ETF would be a game-changer for the cryptocurrency market. It would open the floodgates for more institutional money to enter the Bitcoin space, potentially driving up the price of the digital asset. Additionally, it would provide retail investors with a regulated and accessible way to invest in Bitcoin, further mainstreaming the cryptocurrency.

The demand for a Bitcoin ETF has been growing steadily in recent years. Many investors see it as a more convenient and secure way to gain exposure to Bitcoin compared to other investment vehicles, such as futures contracts or trusts. A spot Bitcoin ETF would eliminate the need for investors to navigate complex custody solutions and provide them with the ease of buying and selling Bitcoin through their regular brokerage accounts.

ARK Invest’s filing of the third amendment comes at a time when the regulatory landscape for Bitcoin and other cryptocurrencies is evolving. With countries like Canada and Brazil already approving Bitcoin ETFs, the pressure on the SEC to follow suit is increasing. The approval of a spot Bitcoin ETF in the United States would solidify the country’s position as a leader in the cryptocurrency industry and attract further investment and innovation.

As the January 10th, 2024 deadline approaches, all eyes will be on the SEC’s decision regarding the spot Bitcoin ETF. If approved, it could mark a significant milestone for ARK Invest, the cryptocurrency market, and the broader financial industry as a whole.

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BREAKING

ARK INVEST / 21 SHARES HAVE
FILED IT’S THIRD AMENDMENT TO
IT’S SPOT BITCOIN ETF WITH THE
SEC. THEIR ETF DEADLINE IS JAN
10TH 2024.

MANY INSIDERS BELIEVE THERE ARE
99% CHANCES OF SPOT BITCOIN
SPOT ETF APPROVAL

— Ash Crypto (@Ashcryptoreal) December 18, 2023

Source

@Ashcryptoreal said BREAKING ARK INVEST / 21 SHARES HAVE FILED IT’S THIRD AMENDMENT TO IT’S SPOT BITCOIN ETF WITH THE SEC. THEIR ETF DEADLINE IS JAN 10TH 2024. MANY INSIDERS BELIEVE THERE ARE 99% CHANCES OF SPOT BITCOIN SPOT ETF APPROVAL

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