Cathie Wood’s ARK Investment said it would be the first potential firm to receive approval for a spot bitcoin ETF, although the industry believes BlackRock could be in the lead if any product wins regulatory approval.
Bloomberg Intelligence ETF analysts say 21Shares, ARK and Cboe are in first place as the next SEC decision date is Aug. 13, 2023 and we have yet to set dates for other 19b-4 filings such as BlackRock application. I think Cboe is looking to update their proposed 19b-4 rule change to add an oversight sharing agreement with Coinbase if they think that might be the path to ETF approval.
Cboe submitted the ARK and 21Shares Bitcoin ETF listing application to the US SEC for the third time.