other material
confidence high
sentiment neutral
materiality 0.40
ARK 21Shares Bitcoin ETF switches benchmark to FTSE Bitcoin Index, changes sponsor fee timing
Ark 21Shares Bitcoin ETF
- Effective Aug 27, 2026, Trust will value shares and calculate NAV using FTSE Bitcoin Index, replacing CME CF Bitcoin Reference Rate - NY Variant.
- Sponsor fee payment changes from weekly to at least quarterly in arrears, payable in bitcoin, per Amendment No. 1 to Sponsor Agreement.
- Second Amended and Restated Trust Agreement dated Aug 26, 2026 reflects benchmark change and fee timing; other changes ministerial.
- Benchmark Licensing Agreement with FTSE International Limited dated Aug 20, 2026; one-year initial term, auto-renewal.
- Prior notice of termination of CF Benchmarks license given June 30, 2026, effective Aug 31, 2026.