Bloomberg analyst: ARK's updated ETF prospectus shows that the issuer is discussing specific matters of the issuance with the SEC

Golden Finance reported that Bloomberg analyst James Seyffart posted on social media that the updated version of the prospectus for the spot Bitcoin ETF submitted by ARK Invest added some details that the ETF's BTC will be stored in a separate wallet instead of mixed. All this shows us that Ark/21Shares and other companies may be discussing with the SEC what they want to clarify in these documents. In my opinion, this is a good sign for future approval. In addition, there are many other subtle edits and updates in this new document. We won't go into detail one by one, but it's just a sign that the issuer is responding to the SEC's comments/requests for these documents. Golden Finance previously reported that Bloomberg senior ETF analyst Eric Balchunas tweeted that ARK Invest submitted an updated version of its spot Bitcoin ETF prospectus. The new prospectus mentions how the net asset value calculation does not comply with generally accepted accounting principles accounting; the ETF's assets at the custodian are kept in separate accounts on the Bitcoin blockchain, commonly called "wallets," so they are not mixed with company or other customer assets.