ARK Investment and 21Shares Propose 0.80% Fee for ARK 21Shares Bitcoin ETF
If authorities permit ARK Investment Management, run by Cathie Wood, and 21Shares, a Swiss cryptocurrency manager, to launch their planned exchangetra
If authorities permit ARK Investment Management, run by Cathie Wood, and 21Shares, a Swiss cryptocurrency manager, to launch their planned exchangetraded fund ETF for Bitcoin, they want to charge a 0.80% fee. Since 2021, the U.S. Securities and Exchange Commission SEC has denied many proposals for spot bitcoin ETFs due to concerns over potential market manipulation. Expectations, though, have increased that authorities may reconsider. According to recent remarks made by SEC Chair Gary Gensler, the agency is considering about ten spot bitcoin ETF ideas. A final SEC decision on the ARK 21Shares ETF is expected on or before January 10, 2024. In the market, it would encounter competition if approved.
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B2B Tech News | 9 days ago