Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website.
On Oct. 25, numerous high-profile crypto accounts on X (Twitter) including Mike Alfred, Bitcoin News, Simply Bitcoin, Crypto News Alerts and others posted tweets and screenshots claiming ARK Invest and 21 Shares’ joint spot Bitcoin ETF had been listed on the DTCC’s site.
BREAKING:
CATHIE WOODS’ ARK SPOT BITCOIN ETF IS NOW LISTED ON THE DTCC WEBSITE WITH TICKER AND CUSIP
— Mike Alfred (@mikealfred) October 25, 2023
However, none of the screenshots showed the correct ticker for the spot Bitcoin ETF, instead showing tickers related to futures products.
The most recent amended filing for Ark’s spot Bitcoin ETF from Oct. 11 shows that the fund will trade using the ticker “ARKB.”
As of Oct. 25, the section of the DTCC website showing all current ETF listings shows no listing under the ticker of ARKB.
The current list of ARK ETF products on the DTCC ETF list. Source: DTCC
The ticker “ARKA” refers to the ARK 21Shares Active Bitcoin Futures ETF, which according to the most recent filing on Aug. 11, is a yet-to-be-approved fund that will offer investors exposure to Bitcoin futures contracts.
The tickers ARKY and ARKZ respectively refer to the ARK 21Shares Active Ethereum Futures ETF and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF — both are still proposed products pending approval with the Securities and Exchange Commission.
It’s beginning to look like the iShares listing news was overhyped too.
While the crypto market soared on the news that BlackRock’s iShares spot Bitcoin ETF (IBTC) had been listed on the DTCC’s site, a DTCC spokesperson recently revealed that IBTC had been listed on the website since August.
The spokesperson said it’s standard practice for the DTCC to add securities to the NSCC security eligibility file “in preparation for the launch of a new ETF to the market.”
Related: BlackRock’s iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC…
..
