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ARK 21Shares Bitcoin ETF is a Delaware statutory trust offering an exchange-traded fund that seeks to track bitcoin’s performance via the CME CF Bitcoin Reference Rate. The Trust holds bitcoin, issuing shares traded on the Cboe BZX Exchange, targeting investors seeking passive exposure to bitcoin. It operates through authorized participants, with bitcoin custody managed by specialized custodians, and emphasizes secure cold storage and transparent valuation based on a recognized index.
This description was generated via AI from an annual report. Updated about 1 year ago.