Overview
- Ark submitted preliminary prospectuses on Oct. 14 for the ARK Bitcoin Yield ETF and ARK DIET Bitcoin 1 and 2 series (Q1–Q4) under the ARK ETF Trust.
- The yield-focused fund seeks to generate income by selling options and collecting premiums while maintaining Bitcoin exposure.
- DIET Bitcoin 1 targets roughly 50% downside protection with gains beginning only after a 5% quarterly rise, whereas DIET Bitcoin 2 targets about 10% loss protection with upside participation once prices meet or exceed the quarter’s start level.
- Approval is pending under the SEC’s streamlined framework for commodity ETP listings, a change that has shortened typical review timelines to about 75 days.
- U.S. spot Bitcoin ETFs logged $103 million in net inflows on Oct. 14, including $133 million into Fidelity’s FBTC and $6.8 million into Ark’s ARKB, as Ark-backed Solmate Infrastructure separately confirmed a Solana purchase at a 15% discount during the recent pullback.