Share this article
Ark 21Shares Backers Take Another Shot at Spot Bitcoin ETF Approval
The initial application for a spot bitcoin ETF was rejected in April.
Updated May 11, 2023, 5:39 p.m. Published May 26, 2022, 3:39 p.m.
Cathie Wood’s ARK Investment Management and Switzerland-based investment-products issuer 21Shares are having another try at getting their spot bitcoin exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.
- The SEC rejected an application for the ARK 21Shares Bitcoin ETF in April, citing a lack of investor protections.
- A new filing was made May 13 by Cboe BZX Exchange.
- The SEC said in a filing that it is soliciting comments with respect to the new application.
- The SEC has yet to approve any spot bitcoin ETFs. It has either rejected or delayed those requests, while allowing funds that trade bitcoin futures.
- In its filing, Cboe said it believed it “represents a regulated market of significant size” and that the proposal should be approved, according to the May 25 filing.
Read more: Valkyrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
