Despite the social media buzz surrounding it, ARK Invest's spot Bitcoin exchange-traded fund (ETF) does not seem to be listed on the Depository Trust and Clearing Corporation (DTCC) website.
Reports on October 25 suggested that the ETF had appeared on the DTCC website. However, closer examination revealed that the screenshots provided showed an incorrect ticker, one associated with the futures product.
ARK Invest's latest ETF filing, revised on October 11, indicates that the fund will trade under the ticker "ARKB."
As of October 25, the DTCC website section displaying all current ETF listings did not include any listings under the ARKB ticker. In fact, the ARKA ticker refers to the ARK 21Shares Active Bitcoin Futures ETF, a fund yet to be approved that will provide exposure to Bitcoin futures contracts. The ARKY and ARKZ tickers are related to proposed products still awaiting SEC approval.
The news of the iShares ETF listing appears to have been overstated as well.
Although the cryptocurrency market responded enthusiastically to the news that BlackRock's iShares Spot Bitcoin ETF (IBTC) had been listed on the DTCC website, a DTCC spokesperson clarified that IBTC had actually been listed there since August.
The spokesperson explained that it is standard procedure for the DTCC to add securities to the NSCC securities qualification document "in preparation for the launch of new ETFs into the market." Furthermore, appearing on the list does not signify the outcome of any pending regulatory or approval process.
The initial announcement of BlackRock's spot ETF listing coincided with a 14% surge in Bitcoin's price in a single day, briefly surpassing $35,000 for the first time in nearly two years. Concurrent with the ARK listing rumors, Bloomberg's senior ETF analyst Eric Balchunas observed that ARK Invest had submitted a fourth revision to its spot Bitcoin ETF application, which appeared to be primarily superficial modifications.
