Cathie Woods ARK Predicts Bitcoin ETF Approval Ahead of BlackRock: Exclusive Report

By Lola Coin Jun 27, 202357Views

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ARK Investment Management and 21Shares are reportedly “first in line” for approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC), ahead of BlackRock. ARK and 21Shares have filed an application with the SEC and their next decision date is scheduled for August 13, 2023. BlackRock’s application is notable for its unique exchange surveillance-sharing agreement, but other applicants can update their filings with similar agreements. The ARK representative believes that their application is currently the only one ahead of BlackRock’s. Analysts speculate that Cboe may update their proposal with a surveillance-sharing agreement with Coinbase to increase their chances of ETF approval.

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