Ark 21Shares Bitcoin ETF Files 8-K

TL;DR

Ark 21Shares Bitcoin ETF filed an 8-K on 9/12/24 for a material agreement.

AI Summary

On September 12, 2024, Ark 21Shares Bitcoin ETF filed an 8-K report. The filing primarily concerns the entry into a material definitive agreement and includes financial statements and exhibits. The ETF is incorporated in Delaware and its principal executive offices are located at 477 Madison Avenue, New York, NY.

Why It Matters

This filing indicates a significant event or agreement for the Ark 21Shares Bitcoin ETF, potentially impacting its operations or financial structure.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (8-K) that typically reports material events or agreements, not necessarily indicating immediate financial risk.

Key Numbers

• 0001869699 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• Ark 21Shares Bitcoin ETF (company) — Registrant
• September 12, 2024 (date) — Date of earliest event reported
• 477 Madison Avenue, 6th Floor, New York, New York 10022 (location) — Principal executive offices address
• 001-41910 (identifier) — Commission File Number

FAQ

Filing Documents

• ea0213674-8k_ark21.htm (8-K) — 38KB
• ea021367401ex10-1_ark21.htm (EX-10.1) — 215KB
• ea021367401ex10-2_ark21.htm (EX-10.2) — 224KB
• ex10-2_001.jpg (GRAPHIC) — 14KB
• 0001213900-24-077941.txt ( ) — 767KB
• arkb-20240912.xsd (EX-101.SCH) — 3KB
• arkb-20240912_lab.xml (EX-101.LAB) — 33KB
• arkb-20240912_pre.xml (EX-101.PRE) — 22KB
• ea0213674-8k_ark21_htm.xml (XML) — 4KB

01 Entry

Item 1.01 Entry into a Material Definitive Agreement On September 11, 2024, ARK 21Shares Bitcoin ETF (the "Trust") entered into separate custodial services agreements (each, an "Agreement" and, collectively, including the agreement with Coinbase Custody Trust Company, LLC ("Coinbase") where the context may require, the "Agreements") with each of (i) BitGo New York Trust Company, LLC ("BitGo"), a New York Trust Company and (ii) Anchorage Digital Bank N.A. ("Anchorage") a South Dakota chartered Trust Company and a federally chartered crypto bank (each, including Coinbase where the context may require, a "Custodian" and, collectively with Coinbase, where the context may require, the "Custodians"). Pursuant to the Agreements, the Custodians will establish and maintain one or more segregated custody accounts, controlled and secured by Custodian, on its books for the receipt, safekeeping, and maintenance of the Trust's bitcoin holdings. The Agreements require the Trust to indemnify the respective Custodians and certain of their affiliates and services providers against certain losses arising or related to the Trust's use of the services, breach of an Agreement or violation of applicable law. The Agreements also require the Custodians to maintain reasonable insurance policies and coverage. The Agreements each commenced on September 11, 2024, and will continue for one (1) year, unless earlier terminated in accordance with the terms of each Agreement. After the initial term, the Agreements will automatically renew for successive renewal terms, as established in each Agreement, unless either party notifies the other of its intention not to renew with prior notice. The sponsor of the Trust, 21Shares US LLC (the "Sponsor"), expects to utilize the Custodian's services to custody a portion of the Trust's bitcoin beginning on or about the date of the Agreements. The Trust's existing custody arrangement with Coinbase is unaffected by the entry into the each of the Agreements.

01 Financial

Item 9.01 Financial 10.1 BitGo Custodial Services Agreement 10.2 Anchorage Custodial Services Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 12, 2024 ARK 21Shares Bitcoin ETF 21Shares US LLC, as Sponsor of the ARK 21Shares Bitcoin ETF By: /s/ Ophelia Snyder Name: Ophelia Snyder Title: President 2

View Full Filing

View this 8-K filing on SEC EDGAR