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ARK Invest and 21Shares are set to launch a series of exchange-traded funds (ETFs) aimed at improving investment options in digital assets. The announcement revealed that the partnership will provide exposure to (BTC) and Ether (ETH) futures through five ETFs. The products are expected to begin trading on the Chicago Board Options Exchange (CBOE) within the next week.
The ETF series is part of a broader strategy by ARK Invest, led by Cathie Wood, to leverage cryptocurrency-specific knowledge, traditional indicators, on-chain signals and crypto experience. currencies. The goal is to achieve long-term capital appreciation by investing in BTC and ETH futures contracts. However, it is important to note that these ETFs do not offer direct investment in spot BTC. Instead, they suggest other forms of investment for those looking to gain exposure to the price of BTC.
In addition to futures-based ETFs, the partnership also announced plans for the “ARK 21Shares Blockchain and Digital Economy Innovation ETF.” This product will specifically invest in public shares of companies in the blockchain industry, providing investors with comprehensive exposure to this growing sector.
The move follows ARK Invest and 21Shares filing for a Bitcoin ETF on October 12, designed to track the S&P Bitcoin Index. This product aims to provide investors with direct exposure to fluctuations in the price of bitcoin. Recent developments demonstrate a growing interest in offering various cryptocurrency investment options to traditional investors.
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