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ARK has a pending exemptive application that would let its Venture Fund record ownership of a new share class on distributed ledger technology and trade it on registered alternative trading systems, with hearing requests due Sept. 18. The transmission channel is market structure rather than spot price: approval would extend tokenized fund-share issuance from money-market and Treasury products into illiquid private-venture exposure, widening secondary-liquidity venues for asset managers and the ATS operators and custody providers serving them. Watch whether the SEC lets the application proceed without a hearing after Sept. 18, since a clean path would set a template competing issuers can copy, while a hearing or conditions would slow tokenized-fund rollouts.
As a Policy signal, watch whether it changes price action, volatility, or flows around ARKK, ETH, COIN.
Original Source: The Defiant
This page is market information analysis, not investment advice.
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