21Shares, Cathie Wood Revive Bitcoin ETF Bid After Price Rebound

Crypto exchange-traded-products issuer 21Shares, in partnership with Cathie Wood’s ARK Investment Management, refiled an application for a spot-Bitcoin ETF, arguing that such a fund would offer US investors protections that currently don’t exist.

The issuer is reviving a prior filing for the ARK 21Shares Bitcoin ETF, which would trade under the ticker ARKB and which would track Bitcoin’s price as measured by the S&P Bitcoin Index. The application comes amid entrenched resistance from US regulators against such funds. 21Shares initially filed for the product in 2021 and again last May, with both attempts among dozens of applications rejected by ...