Dogecoin Price To $10? Why The 21Shares ETF Filing Could Signal Good Things T...
The conversation surrounding Dogecoin may be gradually shifting, and recent market developments suggest that the meme coin could be poised to reach new all-time highs. The most recent development involves Nasdaq submitting a 19b-4 form to the U.S. Securities and Exchange Commission (SEC), seeking approval to list and trade shares of the 21Shares Dogecoin ETF. […]
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The U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far. ARK Investment Management, an investment firm founded by veteran investor Cathie Wood, is taking another try to launch a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States.ARK Invest submitted on May 13 yet another application for its physical Bitcoin ETF, the ARK 21Shares Bitcoin ETF, according to a filing with the U.S. Securities and Exchange Commission. The application includes a proposed rule change from the Chicago Board Options Exchange....
The regulatory body said it was "appropriate to designate a longer period" to approve or disapprove of the proposed Bitcoin ETF. The U.S. Securities and Exchange Commission has extended its window to approve the ARK 21Shares Bitcoin exchange-traded fund (ETF) originally proposed in July 2021.According to a Tuesday filing from the SEC, the regulatory body will push the deadline for approving or disapproving the ARK 21Shares Bitcoin ETF from Feb. 2 for an additional 60 days, to April 3. SEC Assistant Secretary J. Matthew DeLesDernier noted in the filing that it was “appropriate to designate....
Wood recently asserted the crypto downtrend has improved the chances of a Bitcoin ETF securing regulatory approval. Ark Investment Management has become the latest firm to file for a Bitcoin exchange-traded fund (ETF).According to a June 28 filing with the United States Securities and Exchange Commission (SEC) submitted in partnership with European exchange-traded product issuer, 21Shares, the ETF would be listed on the Chicago Board Options Exchange’s (CBOE) BZX Exchange and trade under the ticker ARKB. The ETF would also track the S&P BTC index, with the trust underpinning the ETF also....
Since Elon Musk appeared on SNL in May, Dogecoin has crashed more than 75%. On Tuesday, the meme coin became the worst performing digital currency as investors fled. Dogecoin Unholy Romance With The Dogefather Earlier in the year, Elon Musk began tweeting about Dogecoin. His tweets served as a good signal for crypto investors as […]
Dogecoin has been on a recovery trend lately. This is attributed to recent comments from Elon Musk, the ‘Dogefather’, that has seen prices spike. Musk who has been a vocal supporter of the meme coin is one of the major reasons behind the popularity and success the cryptocurrency enjoyed last year. Now, once again, the billionaire is also behind the recent spike in the price of the digital asset. Dogecoin Jumps 10% Elon Musk recently talked about inflation and naturally, as expected with the SpaceX CEO, the discussion had pivoted to cryptocurrencies. The billionaire had shared some insights....