Mark your calendar: January 10th, the SEC's deadline for the $BTC ETF decision.
All eyes are on Cathie Wood's ARK Investment and 21Shares. BlackRock's date is set for the 15th but the SEC may push this. The odds? Bloomberg predicts a 90% chance of approval in January. š¤
Why all the fuss about a Bitcoin spot ETF? š¤
It's not just about easier access; it's a bridge between traditional finance and crypto. Institutional funds, regulatory trust, and market impact the implications are huge.
The initiation of a bull market is undoubtedly contingent on the successful approval of the United States Bitcoin Spot ETF. ARKB, being one of the codes for a future Bitcoin Spot ETF approved by the U.S. SEC, a project led by Cathie Wood, is poised to receive widespread community acclaim with profound significance. BRC20's ARKB, an excellent counterpart, is destined to be a dark horse project capturing significant community attention. If you missed out on sats, don't let BRC20's ARKB slip through your fingers. On January 10, 2024, within the SEC's fourth decision round, ARKB is guaranteed approval because the saying goes, "third time's the charm," and it's improbable for a fourth delay or rejection.
ARK's #Bitcoin Spot ETF annual fee has been disclosed as 0.25%, marking them as the first issuer to publicly reveal such costs. The ETF is set to be listed for trading on the Chicago Stock Exchange. ARK Invest and 21Shares' Bitcoin Spot ETF has been added to the Depository Trust & Clearing Corporation (DTCC), with the trading code ARKB. Please note that these views are for reference, and investment should be approached with caution! Wondering where to buy or trade ARKB? A simple Google search for ARKB will lead you to one of the top trading markets. The community has opted for the popular io domain with ARKB as the prefix. It's essential to clarify that the BRC-20 token project ARKB has no affiliation with Ark Invest or 21 Shares, and this is hereby declared.
