- ARK Investment Management LLC presents an updated version of their Bitcoin spot ETF prospectus.
- The platform addressed various concerns highlighted by the SEC.
- Highlighting the SEC’s concern on Net Asset Value (NAV), ARK Invest stated that NAV calculation does not comply with GAAP.
American asset management company ARK Investment Management LLC submitted an amendment to the Securities and Exchange Commission (SEC), flagging the potential Bitcoin spot ETF approval. According to a recent post on X (formerly Twitter) by Eric Balchunas, the Senior ETF Analyst at Bloomberg, the firm has presented a substantial update to its spot bitcoin ETF prospectus, addressing various topics that the regulators previously asked the ETF issuers to talk about.
ARK has just filed an updated version of its spot bitcoin ETF prospectus. The SEC emailed issuers a few wks ago with comments/qs about their S-1 that they wanted addressed so is very poss ARK has answered all that in this filing. We looking thru it now.. pic.twitter.com/AlwTt82WU0— Eric Balchunas (@EricBalchunas) October 11, 2023
Primarily, ARK Investment acknowledged the SEC’s comments on the Net Asset Value (NAV)…
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