Regardless of swirling rumors on social media, ARK Make investments’s spot Bitcoin (BTC) exchange-traded fund (ETF) doesn’t seem like listed on the Depository Belief and Clearing Company’s (DTCC) web site.
On Oct. 25, quite a few high-profile crypto accounts on X (Twitter) together with Mike Alfred, Bitcoin Information, Merely Bitcoin, Crypto Information Alerts and others posted tweets and screenshots claiming ARK Make investments and 21 Shares’ joint spot Bitcoin ETF had been listed on the DTCC’s web site.
BREAKING:
CATHIE WOODS’ ARK SPOT BITCOIN ETF IS NOW LISTED ON THE DTCC WEBSITE WITH TICKER AND CUSIP— Mike Alfred (@mikealfred) October 25, 2023
Nonetheless, not one of the screenshots confirmed the proper ticker for the spot Bitcoin ETF, as a substitute exhibiting tickers associated to futures merchandise.
The newest amended submitting for Ark’s spot Bitcoin ETF from Oct. 11 reveals that the fund will commerce utilizing the ticker “ARKB.”
As of Oct. 25, the part of the DTCC web site exhibiting all present ETF listings reveals no itemizing below the ticker of ARKB.
The ticker “ARKA” refers back to the ARK 21Shares Energetic Bitcoin Futures ETF, which in response to the newest submitting on Aug. 11, is a yet-to-be-approved fund that can supply traders publicity to Bitcoin futures contracts.
The tickers ARKY and ARKZ respectively seek advice from the ARK 21Shares Energetic Ethereum Futures ETF and the ARK 21Shares Energetic Bitcoin Ethereum Technique ETF — each are nonetheless proposed merchandise pending approval with the Securities and Change Fee.
It’s starting to appear to be the iShares itemizing information was overhyped too.
Whereas the crypto market soared on the information that BlackRock’s iShares spot Bitcoin ETF (IBTC) had been listed on the DTCC’s web site, a DTCC spokesperson just lately revealed that IBTC had been listed on the web site since August.
The spokesperson mentioned it’s customary follow for the DTCC so as to add securities to the NSCC safety eligibility file “in preparation for the launch of a brand new ETF to the market.”
Associated: BlackRock’s iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC web site
“Showing on the checklist just isn’t indicative of an end result for any excellent regulatory or different approval processes,” the spokesperson added.
Merchants noticing BlackRock’s spot ETF itemizing on the DTCC web site coincided with a 14% single-day rally for Bitcoin, which briefly broke $35,000 for the primary time in practically two years.
Across the identical time because the rumors of an ARK itemizing first started to floor, Bloomberg senior ETF analyst Eric Balchunas wrote that ARK Make investments had filed a fourth modification to its spot Bitcoin ETF software, which gave the impression to be largely beauty adjustments to the filling.
ARK simply filed modification #4 to their 19b-4, appears to be like like it’s to include adjustments made to their S-1 (which once more had been to deal with SEC qs). I assume simply wish to make each docs be in tune (first issuer to take action). I do not see the rest to learn into right here however cc @SGJohnsson pic.twitter.com/NE4Gy3spgN
— Eric Balchunas (@EricBalchunas) October 24, 2023
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