Ark 21Shares Bitcoin ETF Files 6th S-1/A Amendment
Ticker: ARKB · Form: S-1/A · Filed: 2024-01-08T00:00:00.000Z
Sentiment: bullish
Topics: ETF, Bitcoin, Regulatory Filing, Crypto
TL;DR
**Ark 21Shares just filed another S-1/A, signaling their Bitcoin ETF is getting closer to launch!**
AI Summary
Ark 21Shares Bitcoin ETF filed an S-1/A amendment on January 8, 2024, marking the sixth amendment to its registration statement. This filing, under Registration No. 333-257474, indicates the fund is moving closer to a potential public offering of its Bitcoin ETF. For investors, this means the Ark 21Shares Bitcoin ETF is progressing through the regulatory approval process, potentially offering a new, regulated way to gain exposure to Bitcoin in the near future, which could impact demand and price for Bitcoin itself.
Why It Matters
This filing signals the Ark 21Shares Bitcoin ETF is nearing regulatory approval, potentially opening a new, accessible investment vehicle for Bitcoin and increasing institutional adoption.
Risk Assessment
Risk Level: medium — While the filing progresses regulatory approval, the underlying asset, Bitcoin, remains highly volatile and subject to significant market risks.
Analyst Insight
Smart investors should monitor the SEC's decision on spot Bitcoin ETFs closely, as approval of the Ark 21Shares Bitcoin ETF could trigger significant capital inflows into the crypto market, potentially impacting Bitcoin's price and related crypto assets.
Key Numbers
- 6 — Amendment Number (This is the sixth amendment to the S-1 registration statement, indicating ongoing progress.)
- 333-257474 — Registration No. (The specific identifier for this registration statement under the Securities Act of 1933.)
- 20240108 — Filing Date (The date the S-1/A was filed with the SEC, showing recent activity.)
Key Players & Entities
- Ark 21Shares Bitcoin ETF (company) — the registrant filing the S-1/A
- January 8, 2024 (date) — date of the S-1/A filing
- 333-257474 (dollar_amount) — the Registration Number for the S-1
- 21Shares US LLC (company) — registrant's principal executive offices
- Ophelia Snyder (person) — contact person for 21Shares US LLC
- Dechert LLP (company) — legal counsel for the registrant
- Allison M. Fumai, Esq. (person) — legal counsel from Dechert LLP
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
What is the purpose of this S-1/A filing by Ark 21Shares Bitcoin ETF?
This S-1/A filing, specifically Amendment No. 6 to FORM S-1, is part of the registration process under the Securities Act of 1933 for the ARK 21SHARES BITCOIN ETF. It indicates the registrant is updating its registration statement as it moves closer to a proposed public sale of its securities, as filed with the SEC on January 8, 2024.
Who is listed as the contact person for the registrant's principal executive offices?
Ophelia Snyder is listed as the contact person for 21Shares US LLC, located at 37 West 20th Street, Suite 1101, New York, New York 10011, with a business phone number of (646) 370-6016, according to the filing.
What is the registration number associated with this filing?
The registration number for this filing is 333-257474, as stated in the 'Registration No.' section of the S-1/A.
When was this specific amendment filed with the Securities and Exchange Commission?
This Amendment No. 6 to FORM S-1 was filed with the Securities and Exchange Commission on January 8, 2024, as indicated in the 'As filed with the Securities and Exchange Commission on January 8, 2024' statement.
Which law firm is providing legal counsel for the registrant, and who is the specific attorney listed?
Dechert LLP is providing legal counsel, and Allison M. Fumai, Esq. is listed as the specific attorney, with their office located at 1095 Avenue of the Americas, New York, New York 10036, and phone number (212) 698-3526.
From the Filing
0001193125-24-003823.txt : 20240108 0001193125-24-003823.hdr.sgml : 20240108 20240108061332 ACCESSION NUMBER: 0001193125-24-003823 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 11 FILED AS OF DATE: 20240108 DATE AS OF CHANGE: 20240108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ark 21Shares Bitcoin ETF CENTRAL INDEX KEY: 0001869699 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-257474 FILM NUMBER: 24518209 BUSINESS ADDRESS: STREET 1: 477 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 370-6016 MAIL ADDRESS: STREET 1: 477 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 S-1/A 1 d549524ds1a.htm S-1/A S-1/A Table of Contents As filed with the Securities and Exchange Commission on January 8, 2024 Registration No. 333-257474 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 6 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ARK 21SHARES BITCOIN ETF (Exact name of registrant as specified in its charter) Delaware 6221 87-6497023 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 21Shares US LLC Ophelia Snyder 37 West 20th Street, Suite 1101 New York, New York 10011 (646) 370-6016 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Copy to: Allison M. Fumai, Esq. Dechert LLP 1095 Avenue of the Americas New York, New York 10036 (212) 698-3526 Approximate date of commencement of proposed sale to the public : As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box: ☐ If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act of 1933 registration statement number of the earlier effective registration statement for the same offering: ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act of 1933 registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act of 1933 registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “non- accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Securities and Exchange Act of 1934. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act of 1933. ☐ The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration