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Came across an SEC 8-K: 21Shares is parting ways with ARK, and the spot Bitcoin ETF $ARKB is set to change its name and ticker.
The key details: On October 16, issuer 21Shares US LLC notified ARK Investment Management that it was terminating their marketing and sub-advisory Support Services Agreement for the ARK 21Shares Bitcoin ETF, effective December 22. As part of the change, the trust will be renamed โ21Shares Bitcoin ETFโ on December 15, and its Cboe BZX ticker will change from ARKB to $TBIT. The 8-K is dated October 22 and signed by 21Shares President Duncan Moir.
This is the sponsor voluntarily terminating the agreement under its termsโnot the exchange having already changed the ticker. By year-end, this spot Bitcoin ETF will go from being co-branded with ARK to carrying the 21Shares brand alone.
#ARKB #TBIT #ๆฏ็นๅธETF #21Shares
Came across an SEC 8-K: 21Shares is parting ways with ARK, and the spot Bitcoin ETF $ARKB is set to change its name and ticker.
The key details: On October 16, issuer 21Shares US LLC notified ARK Investment Management that it was terminating their marketing and sub-advisory Support Services Agreement for the ARK 21Shares Bitcoin ETF, effective December 22. As part of the change, the trust will be renamed โ21Shares Bitcoin ETFโ on December 15, and its Cboe BZX ticker will change from ARKB to $TBIT. The 8-K is dated October 22 and signed by 21Shares President Duncan Moir.
This is the sponsor voluntarily terminating the agreement under its termsโnot the exchange having already changed the ticker. By year-end, this spot Bitcoin ETF will go from being co-branded with ARK to carrying the 21Shares brand alone.
#ARKB #TBIT #ๆฏ็นๅธETF #21Shares
The key details: On October 16, issuer 21Shares US LLC notified ARK Investment Management that it was terminating their marketing and sub-advisory Support Services Agreement for the ARK 21Shares Bitcoin ETF, effective December 22. As part of the change, the trust will be renamed โ21Shares Bitcoin ETFโ on December 15, and its Cboe BZX ticker will change from ARKB to $TBIT. The 8-K is dated October 22 and signed by 21Shares President Duncan Moir.
This is the sponsor voluntarily terminating the agreement under its termsโnot the exchange having already changed the ticker. By year-end, this spot Bitcoin ETF will go from being co-branded with ARK to carrying the 21Shares brand alone.
#ARKB #TBIT #ๆฏ็นๅธETF #21Shares
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