Crypto Token Tracker logo Crypto Token Tracker logo
CoinGape 2023-12-18 22:54:15

Bitcoin ETF: Ark 21Shares Succumb to SEC Redemption Model

The duo of ARK Invest and 21Shares have submitted an S-1 amendment for their spot Bitcoin ETF to the United States Securities and Exchange Commission (SEC). From the filing, it looks like the firms have agreed to the agency’s “cash create” redemption mechanism for the proposed product. SEC Adamant on Cash Creates Model for Bitcoin The post Bitcoin ETF: Ark 21Shares Succumb to SEC Redemption Model appeared first on CoinGape .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.