Posted 10/12/2023, 3:11:22 PM
Ark Invest Resubmits Bitcoin ETF Application With Additional Risk Disclosures
- Cathie Wood's Ark Invest refiles Bitcoin ETF application with added risk disclosures
- New filing warns of environmental issues like electricity consumption and community-driven code changes
- Custodian Coinbase will hold assets in segregated blockchain addresses, avoiding commingling
- Filing builds on previous amendments addressing market manipulation and surveillance
- Expert says minor edits are sign of progress in talks with SEC on first Bitcoin spot ETF approval
