ARK Invest and 21Shares Unite to Launch Suite of Digital Asset ETFs

ARK Invest and 21Shares Launch Suite of Digital Asset ETFs

Investment management firm ARK Invest, led by pro-Bitcoin investment veteran Cathie Wood, has teamed up with ETP provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). This move is intended to provide a “robust set of options” for investors looking to get digital assets into their trading portfolio.

According to the 21Shares website, the companies will use on-chain signals and their crypto-native experience to deliver “long-term capital appreciation” by investing in Bitcoin (BTC) and Ether (ETH) futures contracts.

The five products are scheduled to start trading in the next week and will be listed on the Chicago Board Options Exchange (CBOE). The company also clarified that they will not offer investors a chance to invest directly in spot BTC. They highlighted that investors seeking exposure to the price of BTC should consider other forms of crypto investing.

Apart from Bitcoin and Ethereum futures, the ARK 21Shares Blockchain and Digital Economy Innovation ETF is also designed to invest in public equities of companies within the crypto industry. According to 21Shares, this provides investors with what it describes as a “holistic exposure” to the growth of web 3.0, also known as the crypto economy.

Meanwhile, Bloomberg analysts speculate that the United States Securities and Exchange Commission has a window to approve crypto trading today. On Nov. 8, analysts James Seyffart and Eric Balchunas wrote that there was a possibility that the crypto agency could approve all 12 crypto investing filings if the SEC decides to allow the concept. However, the analysts also stressed that this was only a possibility and that there was nothing concrete yet.