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Cathie Wood’s ARK Invest, 21Shares Resubmit Application for Spot Bitcoin ETF

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Cathie Wood’s ARK Investment Firm is making another effort to launch a spot Bitcoin (BTC) exchange-traded fund in the US, according to a report by CoinTelegraph on Thursday.

ARK Invest filed on May 13 for another application for its physical Bitcoin ETF, the ARK 21Shares Bitcoin ETF. The submission includes a proposed rule change from the Chicago Board Options Exchange (CBOE) BZX Exchange.

The latest application comes shortly after the SEC denied the application for the ARK 21Shares Bitcoin ETF in early April.

The investment goal of the ARK 21Shares Bitcoin ETF is to monitor the performance of Bitcoin in line with the performance of the S&P Bitcoin Index.

Possible approval of a sport Bitcoin ETF by the SEC is one of the most anticipated occurrences in the cryptocurrency community. BTCUSD down -1.09%, ARKK up +2.83%

Andreessen Horowitz’s Firm Unveils $4.5B Crypto Fund Despite Market Downturn

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