⚠️ CathieDWood's ARK Invest amended its Bitcoin spot ETF application, which could make it the first to offer such a product in the US! What were the changes? Read more here -
Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month.
ARK didn’t name which specific spot exchange it would partner with, but claimed it represented a “substantial portion of US-based Bitcoin trading.” Ark stood by its defense for using CME Bitcoin Futures, arguing that other ETFs have been approved for commodities that use their relevant CME futures market as a “regulated market of significant size.” Furthermore, many of these commodity and currency-based ETFs had unregulated spot markets, including for gold, silver, platinum, palladium, and copper.included the same passage as Ark about its respective stock exchange, Nasdaq, entering an SSA with a spot Bitcoin exchange in the United States.
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