Business UpdateJul 7, 2026, 04:38 PM
Ark 21Shares Bitcoin ETF Switches Benchmark Provider
AI Summary
Ark 21Shares Bitcoin ETF's Sponsor, 21Shares US LLC, has terminated its licensing agreement with CF Benchmarks Ltd., effective August 31, 2026. This agreement covered the use of the CME CF Bitcoin Reference Rate—New York Variant for valuing the Trust's shares and calculating its net asset value. The termination is part of a broader transition to a new benchmark provider. The Sponsor intends to enter a new licensing agreement with FTSE International Limited around August 24, 2026, for similar index data services.
Key Highlights
- Ark 21Shares Bitcoin ETF's Sponsor terminated its licensing agreement with CF Benchmarks Ltd.
- The termination of the Pricing Benchmark Licensing Agreement is effective August 31, 2026.
- The Sponsor plans to enter a new licensing agreement with FTSE International Limited around August 24, 2026.
- FTSE will provide index data for valuing the Trust's shares and calculating its net asset value.
- The previous benchmark, CME CF Bitcoin Reference Rate—New York Variant, was used for daily valuation.
Price Impact
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