ARK Invest and Franklin Templeton Submit Revised S-1 Documents for Bitcoin ETF

On December 30, ARK Invest and 21Shares have submitted updated versions of their S-1 documents to the U.S. Securities and Exchange Commission (SEC) for their proposed spot Bitcoin exchange-traded funds (ETFs). Bloomberg ETF analyst James Seyffart has also confirmed via social media posting that Franklin Templeton also submitted a revised S-1 document to the SEC. These updates signify the latest rounds of amendments from investment firms enabling their proposed Bitcoin ETF offerings to meet regulatory compliance guidelines. The nature of these updates, however, has not been explicitly detailed in these reports. Applicant firms have recently been filing updates to accommodate regulatory feedback, with common changes including the shift to cash creations in their ETF proposals, among others.