The joint spot Bitcoin ETF from ARK Invest and 21 Shares has not yet been listed, which is unfortunate for people who carefully monitor the DTCC site for fresh spot Bitcoin ETF filings.
Social media is rife with rumours, but ARK Invest's spot Bitcoin tickers lowering34,295 $There is no mention of exchange-traded funds (ETFs) on the Depository Trust and Clearing Corporation (DTCC) website.
On October 25, a number of well-known cryptocurrency accounts on X (Twitter), such as Mike Alfred,
Bitcoin News, Simply Bitcoin, Crypto News Alerts, and others, published tweets and screenshots alleging the joint Bitcoin ETF from ARK Invest and 21 Shares had been placed on the DTCC's website.
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The screenshots, however, all displayed futures-related tickers rather than the right ticker for the spot Bitcoin ETF.
The fund will trade under the ticker "ARKB," according to the most recent updated filing for Ark's spot Bitcoin ETF, which was made on October 11.
As of October 25, there isn't a listing under the ticker ARKB on the section of the DTCC website that displays all active ETF listings.
Nevertheless, instead of showing the correct ticker for the spot Bitcoin ETF,
All of the screenshots showed tickers pertaining to futures.
The fund's ticker will be "ARKB," as per the most recent revised filing issued on October 11 for Ark's spot Bitcoin ETF.
As of October 25, the DTCC website area that lists all active ETF listings does not have a listing under the ticker ARKB.
A representative for the DTCC recently disclosed that although the cryptocurrency market surged upon learning that BlackRock's iShares spot Bitcoin ETF (IBTC) was listed on the website, IBTC had really been listed there since August.
The DTCC routinely adds securities to the NSCC security eligibility file "in preparation for the launch of a new ETF to the market," according to the spokeswoman.
Appearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes," the spokeswoman continued.
When traders noticed that BlackRock had added a spot ETF to the DTCC website, the cryptocurrency had a 14% one-day gain and momentarily broke $35,000 for the first time in almost two years.
The fourth modification to ARK Invest's spot Bitcoin ETF application, which appeared to be primarily cosmetic improvements to the form, was submitted around the same time as the initial rumours of an ARK listing, according to senior ETF analyst Eric Balchunas of Bloomberg.
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