ARK Investment Management led by Cathie Wood, and Swiss cryptocurrency manager 21Shares, plan to charge a fee of 0.80 per cent on their proposed ARK 21Shares Bitcoin exchange-traded fund (ETF) if cleared by regulators, according to a U.S. Securities and Exchange Commission (SEC) filing. Since 2021, the SEC has rejected multiple applications to issue spot bitcoin ETFs, arguing that the cryptocurrency market is vulnerable to manipulation. However, expectations that regulators might change their stance have grown in recent months. In August, a federal court ruled that the SEC wrongly rejected Grayscale Investments' ... (full story)