21Shares and Cathie Wood’s Ark Investment have joined forces once more in an effort to launch an exchange traded fund for Bitcoin.
Recently, the cryptocurrency saw a notable surge in its market value, surpassing the $30,000 mark.
With the SEC having turned down multiple applications from the two firms in the past, this filing comes at the backdrop of the troubles faced by various banks, including Signature Bank and Silicon Valley Bank, which were shut down by the federal regulators last month.
Let’s hope that this time, the filing of the ARK 21Shares Bitcoin ETF will be successful.
