ARK Investment: It will be the first potential company to obtain approval for a spot Bitcoin ETF

ChainCatcher news, Cathie Wood's ARK Investment states that it will be the first potential company to receive approval for a spot Bitcoin ETF, although the industry believes that if any product gains regulatory approval, BlackRock may be in the lead.

Bloomberg Intelligence ETF analysts indicate that 21Shares, ARK, and Cboe are in the top positions, as the SEC's next decision date is August 13, 2023, and we have not yet determined the dates for other 19b-4 applications, such as BlackRock's application. I believe Cboe is seeking to update its 19b-4 rule change proposal to add a supervisory sharing agreement with Coinbase, if they think this could be a pathway to obtaining ETF approval. (source link)