Ark Invest

SEC has “less to look at” in considering spot ether ETFs given their similarities to the approved BTC funds, according to 21Shares’ Ophelia Snyder

The addition of the language “marks a potential milestone,” Blockworks research analyst Spencer Hughes said

The investment firm’s buys of its Ark 21Shares Bitcoin ETF this week amounted to roughly $30 million worth of shares

Various investors likely to “dip their toe” into BTC funds before ramping up allocations over time, Ophelia Snyder tells Blockworks in an interview

Van Buren Capital’s Scott Johnsson noted that exchanges don’t file accelerations ahead of 19b-4 approval “unless the SEC specifically told them to”

Fund issuers are not yet cleared to launch funds that would hold bitcoin directly, SEC chair says

Filings by Cboe, NYSE and Nasdaq indicate there are 11 firms aiming to get approval for spot bitcoin ETFs as soon as next week

Bloomberg Intelligence analysts are bullish on January approval. Matrixport’s head of research isn’t. What are others saying?

Ark sold off over 2 million shares of the Grayscale Bitcoin Trust (GBTC) and put money to work in ProShares bitcoin strategy ETF

Bloomberg Intelligence analyst Eric Balchunas says final agreements with authorized participants will be critical as issuers prep proposed BTC funds

Those shares sold by the asset manager across the stock and bitcoin trust amount to roughly $360 million

The company has sold shares from various funds, as well as roughly $9 million in GBTC

The SEC could allow half a dozen or more such funds to launch at once, Ark Invest CEO says

Ark could look to sell its $130 million position in GBTC to inject capital into its proposed bitcoin ETF, Bloomberg Intelligence pros say

As industry awaits spot crypto ETF approval, the firms are set to launch five bitcoin and ether futures-based funds

A former executive at Invesco and Fidelity is tasked with executing 21.co’s distribution strategy in the US as the SEC’s decision on spot bitcoin ETFs looms

Mandy Chiu joins the company in a newly created role as it seeks to offer US bitcoin and ether ETFs via a partnership with Ark Invest

The firm has proposed seven crypto ETFs in the US with partner 21Shares, but “we don’t think that’s where this will end,” according to the Ark Invest exec

The coming weeks are set to bring clarity on whether the regulator appeals its court loss to Grayscale — a decision that could impact the timeline of bitcoin ETF approval

The regulator has come out earlier than expected to share it could take the full 240 days it is allotted to consider the planned product

Grayscale notched a partial court victory in its battle against the SEC over a potential spot bitcoin ETF last month

Analysts agree that while the crypto market has been plagued by poor liquidity, social sentiment can be a useful tool to track the buzz surrounding ether’s potential spot ETF

The new proposal comes as the SEC is already considering spot bitcoin ETFs and ether futures funds

The two companies are sub-advisers on three bitcoin futures-related funds proposed by Empowered Funds