Ark Invest Reveals New Data on Bitcoin Asset Classification

[Slim2017]

Last summer executives from Ark Invest and Coinbase released a paper called “Bitcoin: Ringing the Bell for a New Asset Class,” which defines the cryptocurrency as a new asset class for the 21st century. The paper written by Ark Invest’s Chris Burniske and Coinbase Vice President Adam White has recently been updated to reflect 2016’s end of the year data.

https://news.bitcoin.com/ark-invest-new-data-bitcoin-asset/

[Daltonik]

ARK Invest joined forces with the Swiss company 21Shares AG and filed an application for a bitcoin ETF with the SEC. https://www.sec.gov/Archives/edgar/data/0001869699/000119312521201955/d165184ds1.htm Applications for such ETFs have been piling up at the SEC, and it is still unclear when, if ever, approval for such a product will be received. After that, ARK updated its ARKW ETF prospectus, which states that it can access bitcoin or other cryptocurrencies through ETFs registered in Canada. https://sec.report/Document/0001104659-21-114724/ 

source: https://www.thestreet.com/crypto/bitcoin/ark-invest-to-buy-canadian-bitcoin-etfs-instead-of-waiting-for-sec