Stay updated on the exciting advancements in Bitcoin spot ETFs as Fidelity, Grayscale, VanEck, Valkyrie, and ARK 21Shares take significant steps towards SEC approval.
Learn about the essential documentation and expert predictions in our comprehensive coverage.
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SEC Receives Form 8-A Submissions from Leading Financial Firms
The financial community is closely watching the submission of Form 8-A documents by five prominent companies – Fidelity, Grayscale, VanEck, Valkyrie, and ARK 21Shares – to the U.S. Securities and Exchange Commission (SEC) for the application of Bitcoin spot Exchange Traded Funds (ETFs).
This move signifies a significant step in the ongoing process to establish Bitcoin spot ETFs in the United States.
Fidelity had already submitted this application document on January 3, 2024, followed by Grayscale, VanEck, Valkyrie, and ARK 21Shares on January 4, 2024.
The submission of Form 8-A is a crucial part of the procedure required by the SEC for registering an ETF, and it is one of the documents demanded by the SEC from companies seeking to register securities before listing on a stock exchange.
This form requires details such as the type of securities offered, issuance specifics, distribution date, and terms and conditions.
It also necessitates information about the issuer, including the exact name of the entity registering the securities, the jurisdiction of incorporation, and other essential details.
The Path to Listing Bitcoin Spot ETFs: Necessary Documentation
For Bitcoin spot ETFs to be listed, several types of documents need to be submitted, including Form 19b-4, S-1, and 8-A. The actual listing of an ETF requires the approval of documents like Form 19b-4 and S-1.
While the SEC has not yet fully approved the applications for Bitcoin spot ETFs from these companies, the submission of Form 8-A is a hopeful sign, as it is typically filed when an ETF is on the verge of being approved.
This development has consequently raised expectations for the approval of various ETFs.
Some experts have speculated that the SEC might approve multiple Bitcoin spot ETFs before January 10, 2024, the final deadline for the SEC’s decision on the Bitcoin spot ETFs proposed by ARK Invest and 21Shares.
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ARK Invest Sells All GBTC Holdings, Invests $100 Million in Bitcoin Futures ETF
In a major portfolio reshuffle, ARK Invest divests from Grayscale Bitcoin Trust and invests $100 million in Bitcoin futures ETF, BITO. Read about their strategic moves, including investments in ARKA and the anticipated ARKB, showcasing their innovative approach in the ETF market. Contents1 ARK Invest Divests from GBTC, Allocates Half to BITO2 ARK Invest's Strategic Moves in the ETF Market ARK Invest Divests from GBTC, Allocates Half to BITO Renowned investor Cathie Wood's asset management giant, ARK Invest, has reportedly sold all its holdings in Grayscale Bitcoin Trust (GBTC) as part of a portfolio reshuffle. Earlier this year, in October, ...
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