Investment management firm Ark Invest and ETP provider 21Shares have joined forces to introduce a range of digital asset exchange-traded funds (ETFs).
Ark Invest, led by renowned Bitcoin investor Cathie Wood, aims to offer investors a diverse selection of options for including digital assets in their trading portfolios.
Utilizing On-Chain Signals and Crypto Expertise
The companies plan to leverage on-chain signals and their extensive experience in the crypto space to achieve long-term capital appreciation. By investing in Bitcoin (BTC) and Ether (ETH) futures contracts, they aim to provide investors with potentially profitable opportunities.
Five ETFs Scheduled for Trading
The prospectuses released by the firms indicate that five ETF products are set to commence trading in the coming week. These ETFs will be listed on the Chicago Board Options Exchange (CBOE), offering investors a regulated platform to access digital assets.
Beyond Bitcoin and Ethereum Futures
In addition to Bitcoin and Ethereum futures, one of the ETFs, called the "ARK 21Shares Blockchain and Digital Economy Innovation ETF," is designed to invest in public equities of companies within the blockchain industry. This gives investors a comprehensive exposure to the growth of blockchain technology.
Potential Approval of Bitcoin ETF Filings
Bloomberg analysts suggest that the United States Securities and Exchange Commission (SEC) may approve Bitcoin ETF filings. The analysts speculate that if the SEC decides to embrace the concept, it could potentially greenlight all 12 ETF filings. However, they caution that this is only a possibility at this stage.
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