The post Why Ark Invest’s Bitcoin ETF isn’t listed on DTCC appeared on BitcoinEthereumNews.com.

The investment world was sent into a frenzy recently, with a barrage of social media chatter suggesting that ARK Invest’s highly anticipated Bitcoin ETF had finally found its place on the DTCC’s official listings. Yet, as the dust settled and the facts were scrutinized, the reality proved to be far from the rumors. Let’s delve into the intricacies of this matter and dissect why ARK Invest’s spot Bitcoin ETF is conspicuously absent from the DTCC’s records. Despite the social media uproar led by prominent crypto aficionados and channels on the 25th of October, a closer inspection revealed a glaring discrepancy. The screenshots and posts circulating were showcasing tickers, alright, but none were the much-awaited ARKB, ARK Invest’s authentic ticker for their spot Bitcoin ETF. Instead, what was flaunted were tickers tethered to futures products, leading to a web of confusion and misinformation. The ARKB Mystery Continues A deep dive into the archives reveals that the latest amendment to ARK’s spot Bitcoin ETF application was lodged on October 11th, showcasing ARKB as the chosen ticker. Fast forward to October 25th, a visit to the DTCC’s website, where every ETF listing under the sun should be flaunted, yields no trace of ARKB. A rather baffling scenario, considering the social media frenzy and the expectations surrounding this Bitcoin ETF. Now, ARKA, a ticker that might cause a double-take, actually links to the ARK 21Shares Active Bitcoin Futures ETF. This, according to its latest filing on August 11th, is still in limbo, pending approval, and aims to offer investors a gateway to Bitcoin futures contracts. Tickers ARKY and ARKZ? They are also in the waiting room, with aspirations to connect investors to Ethereum Futures and a combined Bitcoin-Ethereum strategy, respectively. Yet, all are still at the mercy of the U.S. Securities and Exchange Commission’s…

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Filed under: News - @ October 25, 2023 7:24 pm