ARK Invest and 21Shares Launch Ethereum Futures ETF for Crypto Investment

ARK Invest and 21Shares Partner to File for Ethereum Futures ETFs

Investment firms ARK Invest and 21Shares have recently submitted applications for two Ethereum futures exchange-traded funds (ETFs). This follows reports that the United States Securities and Exchange Commission (SEC) may soon begin approving applications.

According to an Aug. 24 filing to the SEC, the two proposed ETFs are the “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY). ARKZ will invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as those traded on the Chicago Mercantile Exchange (CME). ARKY, on the other hand, will consist of both Bitcoin and Ethereum futures contracts.

The filing of these ETFs is a significant move in the world of crypto investment, as it allows for easier access to web 3.0 assets such as Ethereum. This could be a major step forward for the crypto industry, as it opens the door for more people to invest in crypto futures and crypto assets.

ARK 21Shares and Crypto Investment

Empowered Funds has been designated as the investment advisor for two Ethereum products, which were launched by Ark Invest and 21Shares in 2021.

In March 2022 and January, the SEC rejected the first two attempts to launch a spot Bitcoin ETF. As of April, ARK 21Shares and other applicants had filed a new Bitcoin spot ETF application, just a couple of months before the $10 trillion giant BlackRock submitted its own application.

Nevertheless, the SEC recently declared many of the Bitcoin spot ETF applications to be inadequate, prompting ARK 21Shares and other applicants to include a surveillance sharing agreement in their applications.

Investors are also closely monitoring the results of Ark 21Shares Active Bitcoin Futures ETF (ARKA) and Ark 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC), two crypto assets from the Ark crypto family. With the crypto january 2022 coming up, many are wondering if they can invest in web 3.0 and what the implications of web 2.0 and web 3.0 consist of. Furthermore, the introduction of the apple health application as a web 3.0 application has sparked further interest in crypto investment.