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Ark 21Shares Backers Take Another Shot at Spot Bitcoin ETF Approval

Ark 21Shares Backers Take Another Shot at Spot Bitcoin ETF Approval

Cathie Wood’s ARK Investment Management and Switzerland-based investment-products issuer 21Shares are having another try at getting their spot bitcoin (BTC) exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission. The SEC rejected an application for the ARK 21Shares Bitcoin ETF in April, citing a lack of investor protections.The SEC has yet to approve any spot bitcoin ETFs.

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