No, ARK 21 Shares spot Bitcoin ETF is not listed on DTCC website

1 year ago

Unfortunately for those watching intimately for caller spot Bitcoin ETF filings, ARK Invest and 21 Shares’ associated spot Bitcoin ETF has not been listed.

No, ARK 21 Shares spot   Bitcoin ETF is not listed connected  DTCC website

Despite swirling rumors connected societal media, ARK Invest’s spot Bitcoin (BTC) exchange-traded money (ETF) does not look to beryllium listed connected the Depository Trust and Clearing Corporation’s (DTCC) website.

On Oct. 25, galore high-profile crypto accounts connected X (Twitter) including Mike Alfred, Bitcoin News, Simply Bitcoin, Crypto News Alerts and others posted tweets and screenshots claiming ARK Invest and 21 Shares’ associated spot Bitcoin ETF had been listed connected the DTCC’s 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

However, nary of the screenshots showed the close ticker for the spot Bitcoin ETF, alternatively showing tickers related to futures products.

The astir caller amended filing for Ark’s spot Bitcoin ETF from Oct. 11 shows that the money volition commercialized utilizing the ticker “ARKB.”

As of Oct. 25, the conception of the DTCC website showing each existent ETF listings shows nary listing nether the ticker of ARKB.

The existent database of ARK ETF products connected the DTCC ETF list. Source: DTCC

The ticker “ARKA” refers to the ARK 21Shares Active Bitcoin Futures ETF, which according to the astir caller filing connected Aug. 11, is simply a yet-to-be-approved money that volition connection investors vulnerability to Bitcoin futures contracts.

The tickers ARKY and ARKZ respectively notation to the ARK 21Shares Active Ethereum Futures ETF and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF — some are inactive projected products pending support with the Securities and Exchange Commission.

It’s opening to look similar the iShares listing quality was overhyped too.

While the crypto marketplace soared connected the quality that BlackRock’s iShares spot Bitcoin ETF (IBTC) had been listed connected the DTCC’s site, a DTCC spokesperson precocious revealed that IBTC had been listed connected the website since August.

The spokesperson said it’s modular signifier for the DTCC to adhd securities to the NSCC information eligibility record “in mentation for the motorboat of a caller ETF to the market."

Related: BlackRock's iShares Bitcoin ETF mysteriously disappears — past reappears — connected DTCC site

“Appearing connected the database is not indicative of an result for immoderate outstanding regulatory oregon different support processes,” the spokesperson added.

Traders noticing BlackRock’s spot ETF listing connected the DTCC website coincided with a 14% single-day rally for Bitcoin, which briefly broke $35,000 for the archetypal time successful astir 2 years.

Around the aforesaid clip arsenic the rumors of an ARK listing archetypal began to surface, Bloomberg elder ETF expert Eric Balchunas wrote that ARK Invest had filed a 4th amendment to its spot Bitcoin ETF application, which seemed to beryllium mostly cosmetic changes to the filling.

ARK conscionable filed amendment #4 to their 19b-4, looks similar it is to incorporated changes made to their S-1 (which again were to code SEC qs). I conjecture conscionable privation to marque some docs beryllium successful tune (first issuer to bash so). I don't spot thing other to work into present but cc @SGJohnsson pic.twitter.com/NE4Gy3spgN

— Eric Balchunas (@EricBalchunas) October 24, 2023

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