Ark Invest Bitcoin ETF will ‘not provide investors with direct exposure to spot bitcoin’
In a significant development for the cryptocurrency exchange-traded fund (ETF) market, ARK 21Shares Bitcoin ETF has amended its strategy, transitioning from providing direct exposure to Bitcoin to offering investors indirect access. This pivot, detailed in the latest S-1 amendment, marks a critical juncture in the evolution of crypto ETFs. Per the original October prospectus, the...