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 .