In a significant development in the digital asset space, ARK Invest and 21Shares are set to launch a suite of exchange-traded funds (ETFs), aimed at enhancing investment options in digital assets. The announcement revealed that the partnership will provide exposure to Bitcoin (BTC) and Ether (ETH) futures contracts through five ETFs. The products are scheduled to begin trading on the Chicago Board Options Exchange (CBOE) in the upcoming week.
The suite of ETFs is part of a broader strategy by ARK Invest, led by Cathie Wood, to leverage crypto-specific insights, traditional indicators, on-chain signals, and crypto-native experience. The goal is to achieve long-term capital appreciation through investments in BTC and ETH futures contracts. However, it's important to note that these ETFs won't offer direct investment in spot BTC. Instead, they suggest other forms of investment for those seeking exposure to BTC's price.
In addition to the 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 equities of companies in the blockchain industry, providing investors with comprehensive exposure to this burgeoning sector.
The move comes after ARK Invest and 21Shares filed for a Bitcoin ETF on October 12, designed to track the S&P Bitcoin Index. This product aims to offer investors direct exposure to Bitcoin's price movements. The recent developments indicate a growing interest in providing diverse crypto investment options for traditional investors.
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