Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments. ARK Invest and 21Shares have removed staking plans from their updated spot Ether exchange-traded fund proposal. In the updated filing submitted on Friday, May 10, the clause stating 21Shares would stake a portion of the fund’s assets…
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Central issues: Third correction to Bitcoin Spot ETF plan exhibits obligation to SEC endorsement. Constant updates show careful planning, ingraining certainty for administrative green light. ARK’s refined proposition makes way for more extensive institutional and retail venture open doors. ARK resubmits Bitcoin ETF another update to its S-1, marking the third amendment in its ongoing…
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