Cathie Wood’s Ark Invest, in partnership with 21Shares, an exchange-traded product (ETP) provider, is introducing an all-inclusive collection of digital asset exchange-traded funds (ETFs).
Investors seeking to incorporate digital assets into their trading portfolios can now access a “robust set of options” with this development.
As stated on the 21Shares website, the organizations intend to leverage their expertise in cryptocurrencies and on-chain signals to generate “long-term capital appreciation” by purchasing Bitcoin and Ether futures contracts.
The forthcoming week marks the introduction of trading for five products, as stated in the prospectuses published by the respective companies. In addition, the Chicago Board Options Exchange (CBOE) will promote these ETFs publicly.
Additionally, the organization emphasized that it will not allow investors to invest in “spot” BTC. The company disclaimed that investors interested in BTC price volatility should contemplate alternative investment opportunities.
The “ARK 21Shares Blockchain and Digital Economy Innovation ETF” is a product that, in addition to Bitcoin and Ethereum futures, invests in public equities of blockchain industry companies. As per the assertions made by 21Shares, this offers investors a “holistic exposure” to the expansion of blockchain technology.
In the interim, analysts at Bloomberg speculate that the Securities and Exchange Commission (SEC) of the United States has a window of opportunity to approve Bitcoin ETF filings.
Two analysts, James Seyffart and Eric Balchunas, wrote on November 8 that the SEC could approve all twelve ETF filings if it permits the concept. Nevertheless, the analysts emphasized that this remained a mere possibility and that no tangible evidence had yet materialized.
