Ark 21Shares Bitcoin ETF Files Amendment to Registration Statement

TL;DR

<b>Ark 21Shares Bitcoin ETF has filed an amendment to its S-1 registration statement, indicating ongoing efforts to launch the product.</b>

AI Summary

Ark 21Shares Bitcoin ETF (ARKB) filed a Amended IPO Registration (S-1/A) with the SEC on January 8, 2024. Ark 21Shares Bitcoin ETF filed an amendment (S-1/A) to its registration statement on January 8, 2024. The filing is designated as Amendment No. 6 to FORM S-1. The ETF is registered under the Securities Act of 1933, with registration number 333-257474. The principal executive offices are located at 477 Madison Avenue, New York, NY 10022. The ETF is incorporated in Delaware and has an IRS Employer Identification Number of 87-6497023.

Why It Matters

For investors and stakeholders tracking Ark 21Shares Bitcoin ETF, this filing contains several important signals. This amendment signifies continued progress towards the potential launch of a Bitcoin ETF, a product that has seen significant market interest. The filing provides updated details and legal disclosures required by the SEC for such a financial instrument.

Risk Assessment

Risk Level: low — Ark 21Shares Bitcoin ETF shows low risk based on this filing. The filing is an amendment to a registration statement, which is a standard procedural step for ETFs and does not inherently indicate new risks.

Analyst Insight

Monitor for further amendments or SEC approvals related to this S-1/A filing for potential launch timelines.

Key Numbers

• 6 — Amendment Number (Amendment No. 6 to FORM S-1)
• 333-257474 — Registration Number (Registration No. 333-257474)
• 2024-01-08 — Filing Date (Filed as of date: 20240108)
• 1231 — Fiscal Year End (Fiscal year end: 1231)

Key Players & Entities

• Ark 21Shares Bitcoin ETF (company) — Registrant
• Securities and Exchange Commission (regulator) — Filing body
• 333-257474 (dollar_amount) — Registration number
• Delaware (company) — State of incorporation
• 21Shares US LLC (company) — Related entity
• Ophelia Snyder (person) — Contact person
• Allison M. Fumai (person) — Legal counsel
• Dechert LLP (company) — Legal firm

Forward-Looking Statements

• The Ark 21Shares Bitcoin ETF will receive SEC approval for its spot Bitcoin ETF. (Ark 21Shares Bitcoin ETF) — high confidence, target: Q1 2024
• The launch of the Ark 21Shares Bitcoin ETF will increase institutional investment in Bitcoin. (Bitcoin) — medium confidence, target: Q2 2024

FAQ

Industry Context

The filing pertains to the registration of a spot Bitcoin Exchange Traded Fund (ETF), a financial product designed to track the price of Bitcoin.

Regulatory Implications

The filing is made under the Securities Act of 1933, requiring registration with the SEC before securities can be offered to the public.

What Investors Should Do

1. Review the full S-1/A filing for detailed disclosures and risk factors.
2. Track subsequent SEC filings for updates on the registration effectiveness.
3. Monitor market news for potential launch announcements or regulatory decisions regarding Bitcoin ETFs.

Key Dates

• 2024-01-08: Filing of Amendment No. 6 to Form S-1 — Indicates ongoing regulatory process for the Bitcoin ETF.

Year-Over-Year Comparison

This is an amendment (No. 6) to a previously filed registration statement, indicating iterative updates rather than a new initial filing.

Key Financial Figures

• $43,731.74 — nchmarks Ltd., on December 22, 2023 was $43,731.74. The Sponsor of the Trust served as t
• $50 — rising 2 Shares at a per-Share price of $50.00, as described in Seed Capital Invest
• $100 — ale of these Seed Creation Baskets were $100. Delivery of the Seed Creation Baskets
• $437,000 — eed Creation Baskets are expected to be $437,000 and are expected to be used by the Trus

Filing Documents

• d549524ds1a.htm (S-1/A) — 861KB
• d549524dex51.htm (EX-5.1) — 9KB
• d549524dex81.htm (EX-8.1) — 8KB
• d549524dex101.htm (EX-10.1) — 28KB
• d549524dex1012.htm (EX-10.12) — 15KB
• d549524dex231.htm (EX-23.1) — 1KB
• d549524dexfilingfees.htm (EX-FILING FEES) — 28KB
• g549524g1228120429145.jpg (GRAPHIC) — 2KB
• g549524g43c03.jpg (GRAPHIC) — 55KB
• g549524g68s87.jpg (GRAPHIC) — 51KB
• g549524g88f28.jpg (GRAPHIC) — 31KB
• 0001193125-24-003823.txt (&nbsp;) — 1143KB

RISK FACTORS

RISK FACTORS 15 BITCOIN, BITCOIN MARKETS AND REGULATION OF BITCOIN 62 THE TRUST AND BITCOIN PRICES 68 NET ASSET VALUE DETERMINATIONS 72 ADDITIONAL INFORMATION ABOUT THE TRUST 75 THE TRUSTS SERVICE PROVIDERS 79 CUSTODY OF THE TRUSTS ASSETS 81 PRIME BROKER 84 FORM OF SHARES 89 TRANSFER OF SHARES 90 SEED CAPITAL INVESTOR 91 PLAN OF DISTRIBUTION 92 CREATION AND REDEMPTION OF SHARES 93

USE OF PROCEEDS

USE OF PROCEEDS 99 99 CONFLICTS OF INTEREST 101 DUTIES OF THE SPONSOR 103 LIABILITY AND INDEMNIFICATION 105 PROVISIONS OF LAW 108 MANAGEMENT; VOTING BY SHAREHOLDERS 108 BOOKS AND RECORDS 109 109 FISCAL YEAR 109 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 110 LEGAL MATTERS 111 EXPERTS 111 OTHER MATERIAL CONTRACTS 111 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 116 PURCHASES BY EMPLOYEE BENEFIT PLANS 121 INFORMATION YOU SHOULD KNOW 122 SUMMARY OF PROMOTIONAL AND SALES MATERIAL 122 INTELLECTUAL PROPERTY 122 WHERE YOU CAN FIND MORE INFORMATION 123 PRIVACY POLICY 123 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM F-3 APPENDIX A A-1

INFORMATION NOT REQUIRED IN PROSPECTUS

PART II INFORMATION NOT REQUIRED IN PROSPECTUS II-1 -i- Table of Contents This Prospectus contains information you should consider when making an investment decision about the Shares of the Trust. You may rely on the information contained in this Prospectus. The Trust, the Sponsor and the Sub-Adviser have not authorized any person to provide you with different information and, if anyone provides you with different or inconsistent information, you should not rely on it. This Prospectus is not an offer to sell the Shares in any jurisdiction where the offer or sale of the Shares is not permitted. The Shares of the Trust are not registered for public sale in any jurisdiction other than the United States. Until 25 calendar days after the date of this prospectus, all dealers effecting transactions in the Shares, whether or not participating in this offering, may be required to deliver a prospectus. This requirement is in addition to the dealers obligation to deliver a prospectus when acting as underwriters and with respect to unsold allotments or subscriptions. This Prospectus includes forward-looking statements that generally relate to future events or future performance. In some cases, you can identify forward-looking statements by terminology such as may, will, should, expect, intend, plan, anticipate, believe, estimate, predict, potential or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this Prospectus that address activities, events or developments that will or may occur in the future, including such matters as movements in the digital asset markets and indexes that track such movements, the Trusts operations, the Sponsors plans and references to the Trusts future success and other similar matters, are forward-looking statements. These statements are only predictions. Actual events or results may differ materially. These

View Full Filing

View this S-1/A filing on SEC EDGAR