ARK Invest updated its proposal for a spot Bitcoin ETF through an amendment submitted to the U.S. Securities and Exchange Commission (SEC) on Oct. 11.
Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that the update adds comments on Coinbase’s custodial practices. Specifically, the application notes that assets for the fund are held in segregated addresses on the Bitcoin blockchain, and that ETF assets are not commingled with corporate assets or customer assets.
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