CryptoBitcoinARK Invest Files Updated Spot Bitcoin ETF Prospectus

ARK Invest Files Updated Spot Bitcoin ETF Prospectus

Bloomberg senior ETF analyst Eric Balchunas said in a tweet that ARK Invest submitted an updated version of its spot Bitcoin ETF prospectus. A few weeks ago, the SEC sent emails to issuers with comments/questions they wanted addressed regarding the S-1.

New additions include: Under the NAV calculation, the new prospectus mentions how the NAV calculation does not comply with GAAP accounting; the ETF’s assets in the custodian are kept in separate accounts on the Bitcoin blockchain , often referred to as a “wallet,” so they are not commingled with company or other customer assets.

Analysts said that the new S-1 document contains five new pages, which means that ARK received the SEC’s opinions and dealt with all of them seriously, which is a good sign.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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