SEC Comment Letter 0000000000-24-000278 to Ark 21Shares Bitcoin ETF (ARKB) (CIK 0001869699) (ARKB)
Ark 21Shares Bitcoin ETF (ARKB) (CIK 0001869699)
Date: Jan. 8, 2024 · CIK: 0001869699 · Accession: 0000000000-24-000278
AI Filing Summary & Sentiment
File numbers found in text: 333-257474
Letter
United States securities and exchange commission logo January 8, 2024 Hany Rashwan Chief Executive Officer Ark 21Shares Bitcoin ETF c/o 21Shares US LLC 37 West 20th Street, Suite 1101 New York, NY 10011 Re:Ark 21Shares Bitcoin ETF Amendment No. 6 to Registration Statement on Form S-1 Filed January 8, 2024 File No. 333-257474 Dear Hany Rashwan: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our January 5, 2024 letter. Amendment No. 6 to Registration Statement on Form S-1 Risk Factors, page 15 1.Please add risk factor disclosure addressing the risks related to your Authorized Participants acting in the same capacity for several competing products.
FirstName LastNameHany Rashwan Comapany NameArk 21Shares Bitcoin ETF January 8, 2024 Page 2 FirstName LastName Hany Rashwan Ark 21Shares Bitcoin ETF January 8, 2024 Page 2 General 2.In order to meet your anticipated timing, please respond to these comments and amend your registration statement no later than 10:00 a.m. (EST) on January 9, 2024. Please contact Kate Tillan at 202-551-3604 or Michelle Miller at 202-551-3368 if you have questions regarding comments on the financial statements and related matters. Please contact David Gessert at 202-551-2326 or Justin Dobbie at 202-551-3469 with any other questions. Sincerely, Division of Corporation Finance Office of Crypto Assets cc: Allison Fumai
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United States securities and exchange commission logo
January 8, 2024
Hany Rashwan
Chief Executive Officer
Ark 21Shares Bitcoin ETF
c/o 21Shares US LLC
37 West 20th Street, Suite 1101
New York, NY 10011
Re:Ark 21Shares Bitcoin ETF
Amendment No. 6 to Registration Statement on Form S-1
Filed January 8, 2024
File No. 333-257474
Dear Hany Rashwan:
We have reviewed your amended registration statement and have the following
comments.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our January 5, 2024 letter.
Amendment No. 6 to Registration Statement on Form S-1
Risk Factors, page 15
1.Please add risk factor disclosure addressing the risks related to your Authorized
Participants acting in the same capacity for several competing products.
FirstName LastNameHany Rashwan
Comapany NameArk 21Shares Bitcoin ETF
January 8, 2024 Page 2
FirstName LastName
Hany Rashwan
Ark 21Shares Bitcoin ETF
January 8, 2024
Page 2
General
2.In order to meet your anticipated timing, please respond to these comments and amend
your registration statement no later than 10:00 a.m. (EST) on January 9, 2024.
Please contact Kate Tillan at 202-551-3604 or Michelle Miller at 202-551-3368 if you
have questions regarding comments on the financial statements and related matters. Please
contact David Gessert at 202-551-2326 or Justin Dobbie at 202-551-3469 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Crypto Assets
cc: Allison Fumai