Ark 21Shares Bitcoin ETF Amends S-1, Nears Public Launch

TL;DR

**Ark 21Shares Bitcoin ETF is almost ready to launch, offering an easy way to invest in Bitcoin.**

AI Summary

Ark 21Shares Bitcoin ETF filed an Amendment No. 8 to its S-1 Registration Statement on January 9, 2024, indicating it's nearing the proposed sale to the public. This filing, with Registration No. 333-257474, updates the registration for its Bitcoin ETF, a product designed to give investors exposure to Bitcoin without directly owning the cryptocurrency. This matters to potential investors because it signals the imminent launch of the ETF, offering a new, regulated avenue to invest in Bitcoin, which could impact Bitcoin's price and the broader crypto market.

Why It Matters

This amendment signals the Ark 21Shares Bitcoin ETF is closer to regulatory approval and public trading, providing a new, accessible investment vehicle for Bitcoin.

Risk Assessment

Risk Level: medium — While an ETF offers regulated access, Bitcoin's inherent volatility and regulatory uncertainties still present significant risks.

Analyst Insight

A smart investor would monitor the SEC's final approval for the Ark 21Shares Bitcoin ETF, as its launch could provide a new, regulated entry point into Bitcoin, potentially impacting its price and the broader cryptocurrency market. Consider how this new investment vehicle fits into a diversified portfolio.

Key Numbers

• Amendment No. 8 — Amendment Number (Indicates multiple revisions to the S-1 filing, suggesting ongoing dialogue with the SEC.)
• January 9, 2024 — Filing Date (The date the latest amendment was filed, signaling recent progress towards launch.)
• 333-257474 — Registration No. (The unique identifier for this specific registration statement with the SEC.)

Key Players & Entities

• Ark 21Shares Bitcoin ETF (company) — the registrant filing the S-1/A
• 21Shares US LLC (company) — registrant's principal executive offices
• Ophelia Snyder (person) — contact person for 21Shares US LLC
• Allison M. Fumai, Esq. (person) — legal counsel from Dechert LLP
• Dechert LLP (company) — legal firm providing counsel
• January 9, 2024 (date) — date S-1/A Amendment No. 8 was filed
• 333-257474 (dollar_amount) — Registration No. for the S-1

Forward-Looking Statements

• The Ark 21Shares Bitcoin ETF will launch for public trading. (Ark 21Shares Bitcoin ETF) — high confidence, target: Q1 2024
• The launch of this ETF will increase institutional investment in Bitcoin. (Bitcoin) — medium confidence, target: Q2 2024

FAQ

From the Filing

0001193125-24-005412.txt : 20240110 0001193125-24-005412.hdr.sgml : 20240110 20240109210128 ACCESSION NUMBER: 0001193125-24-005412 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20240110 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: 24524720 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. 8 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