ARK Invest has modified its Bitcoin spot ETF application materials to enhance its chances of approval

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas stated on his social media that, according to disclosed documents, Cathie Wood's Ark Invest has amended its 19b-4 filing for its Bitcoin spot ETF application. Similar to BlackRock's approach, ARK Invest's amendment introduces a supervisory sharing agreement between the Chicago Board Options Exchange (CBOE) and a well-known cryptocurrency exchange (likely Coinbase).

Since ARK Invest's Bitcoin spot ETF application was submitted earlier than BlackRock's, this amendment may give it a lead in the SEC's approval process. (Source link)