🚨 SEC Approves ARK Fund Token Dual-Class Shares 🧠
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- The SEC issued numbered release IC-36333, granting ARK Venture Fund and its manager, ARK Investment Management, a modified exemption under the Investment Company Act, allowing the establishment of exchange-listed-style shares and tokenized-style shares.
- Exchange-listed-style shares are intended to be listed on traditional securities exchanges. Ownership records for tokenized-style shares can be stored via distributed ledger technology, and trading can take place on alternative trading systems.
- This exemption provides a legal framework for registered funds to offer both traditional and blockchain-based ownership records within the same product, but it does not confirm that tokenized shares have already been listed on an ATS.
- After ARK receives regulatory approval, it can test the compatibility between blockchain ownership records and existing transfer, custody, and investor-protection requirements. 🔥
- If tokenized shares launch quickly, they may attract both institutional and retail demand, increasing fund size.
- If regulators further clarify matters, more funds may be accelerated in launching similar tokenized products, driving innovation across the industry.
- In the short term, the market’s reaction to this news is expected to be muted. Net asset value fluctuations are likely limited, and the intraday trend may remain range-bound.
- There are currently no abnormal large whale holdings. Whale behavior remains neutral, with limited impact on short-term price.
- How do you think the listing timing for tokenized funds should be best handled, and which factors are most critical?
- Be sure to keep following us. We will explain subsequent developments to you as soon as they emerge, and we look forward to your comments and engagement.
-#Crypto #ETF #Blockchain #Tokenization #Whales
📊 | $BTC | $ETH | $BNB |
- Please follow our channel, like, and share your thoughts. 📈
- The SEC issued numbered release IC-36333, granting ARK Venture Fund and its manager, ARK Investment Management, a modified exemption under the Investment Company Act, allowing the establishment of exchange-listed-style shares and tokenized-style shares.
- Exchange-listed-style shares are intended to be listed on traditional securities exchanges. Ownership records for tokenized-style shares can be stored via distributed ledger technology, and trading can take place on alternative trading systems.
- This exemption provides a legal framework for registered funds to offer both traditional and blockchain-based ownership records within the same product, but it does not confirm that tokenized shares have already been listed on an ATS.
- After ARK receives regulatory approval, it can test the compatibility between blockchain ownership records and existing transfer, custody, and investor-protection requirements. 🔥
- If tokenized shares launch quickly, they may attract both institutional and retail demand, increasing fund size.
- If regulators further clarify matters, more funds may be accelerated in launching similar tokenized products, driving innovation across the industry.
- In the short term, the market’s reaction to this news is expected to be muted. Net asset value fluctuations are likely limited, and the intraday trend may remain range-bound.
- There are currently no abnormal large whale holdings. Whale behavior remains neutral, with limited impact on short-term price.
- How do you think the listing timing for tokenized funds should be best handled, and which factors are most critical?
- Be sure to keep following us. We will explain subsequent developments to you as soon as they emerge, and we look forward to your comments and engagement.
-#Crypto #ETF #Blockchain #Tokenization #Whales