Ark 21Shares Bitcoin ETF Files 7th S-1/A Amendment, Nearing Launch

TL;DR

**Ark 21Shares just filed its 7th S-1/A, signaling a spot Bitcoin ETF launch is imminent!**

AI Summary

Ark 21Shares Bitcoin ETF filed an S-1/A amendment on January 9, 2024, marking the seventh amendment to its registration statement (333-257474). This filing, submitted by 21Shares US LLC, indicates the fund is preparing for a proposed sale to the public as soon as practicable after the effective date. This matters to investors because it signals the imminent launch of a spot Bitcoin ETF, which could significantly increase institutional access to Bitcoin and potentially drive up its price due to increased demand and legitimacy.

Why It Matters

This filing brings the Ark 21Shares Bitcoin ETF closer to launch, potentially opening up Bitcoin investment to a broader market and increasing its mainstream adoption.

Risk Assessment

Risk Level: medium — While the filing itself is procedural, the underlying asset (Bitcoin) carries significant volatility and regulatory risks, making the investment medium risk.

Analyst Insight

Investors should monitor the SEC's approval timeline closely for spot Bitcoin ETFs, as the launch of Ark 21Shares Bitcoin ETF could be a significant catalyst for Bitcoin's price and broader crypto market sentiment. Consider potential entry points post-launch.

Key Numbers

• 7 — Amendment Number (This is the seventh amendment to the S-1 registration statement, indicating significant progress towards approval.)
• 20240109 — Filing Date (The filing date of January 9, 2024, shows the most recent update to the registration statement.)
• 333-257474 — Registration Number (This unique identifier tracks the specific S-1 registration statement for the Ark 21Shares Bitcoin ETF.)

Key Players & Entities

• Ark 21Shares Bitcoin ETF (company) — the registrant filing the S-1/A
• 21Shares US LLC (company) — the entity responsible for the registrant's principal executive offices
• Ophelia Snyder (person) — contact person for 21Shares US LLC
• Allison M. Fumai, Esq. (person) — legal counsel from Dechert LLP
• January 9, 2024 (date) — date of the S-1/A filing
• 333-257474 (dollar_amount) — Registration No. for the S-1

Forward-Looking Statements

• The Ark 21Shares Bitcoin ETF will launch in Q1 2024. (Ark 21Shares Bitcoin ETF) — high confidence, target: 2024-03-31

FAQ

From the Filing

0001193125-24-004878.txt : 20240109 0001193125-24-004878.hdr.sgml : 20240109 20240109082535 ACCESSION NUMBER: 0001193125-24-004878 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20240109 DATE AS OF CHANGE: 20240109 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: 24521779 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 9, 2024 Registration No. 333-257474 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 7 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 S