📣 Cathie Wood’s ARK Invest left the #Bitcoin ETF
Invest #CathieWood, founder of Ark Invest, is partnering with listed # 21Shares to supply Bitcoin to the #ETF SEC.
👉 The ETF would be listed on the Chicago Board Options Exchange (CBOE) #BZXExchange and traded under the code #ARKB.
S 21Shares is the fourth-largest institutional issuer of cryptographic products, while Star’s stock picker Wood has an investment in Grayscale Bitcoin Trust and $ 820 million worth of shares in cryptocurrency exchange Coinbase Global.
👉 The Bitcoin ETF has not yet been approved by the SEC. The latest move comes as SEC chairman #GaryGensler has called for encryption, currency exchange regulation and investor protection.
👉 The proposed Bitcoin ETF is long linked to a list of more than ten applications awaiting SEC approval. The ETF’s investment objective is to monitor Bitcoin’s performance according to the SEC archives.
For more information… 👇
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Intermediate 🌐 https://bit.ly/3eGCaVE
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