Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications on certain concerns, and it appears that Ark Invest has addressed these concerns in its new filing. One notable change in the updated prospectus is the inclusion of detailed information on how the Net Asset Value (NAV) calculation does not conform to Generally Accepted Accounting Principles (GAAP), which directly addresses a comment made by the SEC. Another significant addition is the disclosure that the Trust’s assets held with the Custodian are securely segregated in accounts on the Bitcoin blockchain, ensuring increased transparency and security. However, there may still be further interactions with the SEC regarding specific details, which could potentially lead to additional delays in the SEC’s decision-making timeline. The SEC’s decision on various Bitcoin ETF proposals is eagerly awaited by the crypto industry.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Eric Balchunas
Companies	Bloomberg, Bitcoin blockchain, Ark Invest, Binance Futures, U.S. Securities and Exchange Commission (SEC)
Currencies	Bitcoin
Securities	None