Breaking News ARK 21 Shares spot Bitcoin ETF snubbed by DTCC website – But Don’t Panic!

No, ARK 21 Shares' Bitcoin ETF is not listed on the DTCC website

Despite all the Twitter chatter, it seems that ARK Invest’s Bitcoin (BTC) exchange-traded fund (ETF) has not made its grand appearance on the Depository Trust and Clearing Corporation’s (DTCC) website. You see, social media was buzzing with rumors on October 25, as prominent crypto accounts started tweeting about ARK Invest and 21 Shares’ spot Bitcoin ETF being listed on the DTCC’s site. But here’s the catch – the screenshots they shared didn’t show the right ticker for the spot Bitcoin ETF; instead, they showed tickers related to futures products. It’s like going to a bakery expecting to find freshly baked bread, only to be greeted by a collection of oven mitts instead. Disappointing, to say the least.

Now, let’s dig into the actual filings. The most recent amended filing for ARK’s spot Bitcoin ETF, dated October 11, reveals that the fund will trade using the ticker “ARKB.” However, a quick visit to the DTCC website on October 25 showed no trace of ARKB under current ETF listings. It’s like searching for a needle in a haystack, only to find out it was actually a pen all along.

But hold your horses! There’s another ticker causing confusion – ARKA. Before you get your hopes up, let me burst your bubble. ARKA refers to the ARK 21Shares Active Bitcoin Futures ETF, a fund that hasn’t been approved yet. So it’s like waiting for a train that hasn’t even left the station. On the other hand, ARKY and ARKZ refer to proposed products – the ARK 21Shares Active Ethereum Futures ETF and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF, respectively – both awaiting approval from the Securities and Exchange Commission. It’s like standing in line at a theme park for hours, only to find out the ride you’re waiting for is still under construction.

Oh, and remember the excitement around BlackRock’s iShares spot Bitcoin ETF being listed on the DTCC’s site? Well, surprise, surprise! Turns out it had actually been there since August. The DTCC cheekily revealed that they add securities to their list in advance, like throwing confetti before the party even starts. So the listing didn’t mean BlackRock’s ETF had gotten the green light. It was all just a fancy pre-party celebration.

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Interestingly, Bitcoin took a 14% leap on the day traders noticed BlackRock’s ETF listing on the DTCC website. The price surged, briefly breaking $35,000 for the first time in nearly two years. It’s like witnessing a superhero’s grand entrance, with Bitcoin showing off its superpowers.

Amidst all this commotion, Bloomberg’s senior ETF analyst Eric Balchunas pointed out that ARK Invest had filed a fourth amendment to their spot Bitcoin ETF application. However, it seemed to be more of a cosmetic makeover than anything substantial. It’s like applying a fresh coat of paint to a wall that was already perfectly fine.

So, dear readers, the truth is, sometimes rumors spread faster than wildfire on social media, creating a whirlwind of excitement. But behind all the Twitter frenzy, we find ourselves faced with the reality – ARK Invest’s spot Bitcoin ETF is still awaiting its grand debut on the DTCC’s website. Until then, let’s grab some popcorn and enjoy the show.

Readers, have you ever fallen for social media rumors? Share your experiences and thoughts in the comments below!

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