Cathie Wood’s Ark Invest is set to launch five new digital asset exchange-traded fund (ETF) products in partnership with 21Shares. The products will be listed on the Chicago Board Options Exchange and will start trading next week. The collaboration aims to provide investors with new opportunities for exposure to digital assets within their portfolios, using crypto-specific insights alongside traditional indicators.
The new venture between ARK and 21Shares offers a robust set of options for introducing exposure to digital assets into a portfolio. The products include ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA), ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ), ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC), ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY), and ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD).
According to 21Shares, the suite aims to deliver long-term capital appreciation through strategic investments in Bitcoin and Ethereum futures contracts, as well as the application of blockchain technologies.
In addition to BTC and ETH, the two companies introduced a product that invests in both bitcoin and public equities of blockchain companies. The ARK 21Shares Blockchain and Digital Economy Innovation ETF provides holistic exposure to the growth of blockchain technology, focusing on a concentrated, high-conviction portfolio of equities through a proprietary valuation model.
It’s important to note that neither the Funds nor the Underlying ETF invest directly in bitcoin or other digital assets, or maintain direct exposure to “spot” bitcoin.
Market Surges in Anticipation of Spot BTC ETF
With anticipation building around the approval of the first spot bitcoin (BTC) ETF, both the bitcoin and altcoin markets are surging. In addition, there is excitement surrounding the potential approval of a spot Ethereum (ETH) ETF. If approved by the SEC, it would be the first ETF to hold ether directly.
Hot Take: Ark Invest’s New Digital Asset Exchange-Traded Fund Products
Ark Invest’s collaboration with 21Shares presents an exciting opportunity for investors looking to diversify their portfolios with digital assets. With a focus on Bitcoin, Ethereum, and blockchain technology, these new products are poised to make waves in the market.
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