ARK changes his 19b-4 for a spot registration for Bitcoin ETFs

• The changed 19b-4 from ARK includes an agreement for the joint use of monitoring measures with CBOE and a US crypto exchange.
• Cathie Wood, founder and CEO of Ark Invest, says that the ARK 21shares Bitcoin ETF is the first for approval as a "oldest" application.
• The Spot-Bitcoin ETF from Blackrock also included an SSA with coin base.

ark invest and 21 shares changed her 19b-4 For the ARK 21shares Bitcoin ETF, another application was made in April, for which a decision of the Sec in August.

Specifically, the companies of the SEC have informed that they have completed a surveillance sharing agreement (SSA) with the CBOE BZX Exchange and a crypto exchange provider for spot trading for Bitcoin in the USA.

It is speculated that the in question is coinbase, the largest crypto platform based in the USA, which by the way was sued by the SEC for allegations of securities violations.

What does the changed 19b-4 from Ark?

The changed submission means that the ARK 21shares Bitcoin ETF now has a similar structure as that of Blackrock and the ETF is the "oldest submission" in the supervisory authority.

" since 2015, Ark has been increasing with increasing conviction and investing in crypto -related shares. On April 25, 2023, we have applied for the ARK 21shares Bitcoin ETF in cooperation with 21shares and are proud to submit the oldest active application to the SEC and assume that we are the first to consider approval become. "Cathie Wood, founder and CEO of ARK Invest . .

eric Balchunas, a senior ETF analyst at Bloomberg, has Spot ETF story gives a new turn. He refers to the expected decision about the ETF in August and the fact that Blackrock is likely to be the first to come onto the market.

Nate also brings up another turn: would Blackrock (who does not play along) allow Coinbase to enter an SSE agreement with another that would help another issuer to bring it onto the market? In this case, ARK would have to use a different crypto exchange. https://t.co/nbkdnxy1bh

- Eric Balchunas (@ericbalchunas) 28. June 2023

Blackrock submitted his spot bitcoin ETF including an SSA on June 15th. Other asset managers followed this example and the industry raves about the prospect of approval. The Bitcoin Prize has increased in the course of the optimistic mood and reached maximum stalls of over $ 31,000.