Ark 21Shares Amends#BitcoinSpot ETF Filing Today
Ark 21Shares Bitcoin ETF
Ticket: $ARKB
Sponsor fee: 0.80%
Summary of Changes: Adds language specifically stating that ETF will create cash and transact in Bitcoin with a counterparty other than AP.
Provides that the ETF will have a line of credit with Coinbase Credit to ensure that the ETF can transact beyond the holdings/funds as the creation/redemption order arrives and prior to settlement. ETF will pay on-chain transaction fees, AP will pay for trades and slippages. Tax treatment of Bitcoin transactions. Prospectus modified on December 28, 2023:
