ARK Invest and 21Shares to Launch New Crypto-Focused ETFs
ARK Invest and 21Shares Unveil New ETFs
ARK Invest and 21Shares are introducing a series of exchange-traded funds (ETFs) designed to broaden investment opportunities in the digital asset sector. This strategic initiative will provide exposure to Bitcoin (BTC) and Ether (ETH) futures contracts via five distinct ETFs. These products are set to commence trading on the Chicago Board Options Exchange (CBOE) soon.
Strategic Investment Approach
Led by Cathie Wood, ARK Invest is leveraging a unique blend of crypto insights, traditional market indicators, and on-chain signals. The primary aim is to achieve long-term capital growth through BTC and ETH futures contracts, rather than direct spot BTC investments. This approach caters to investors seeking alternative routes to engage with Bitcoin's price dynamics.
Expanding Blockchain Investment Horizons
In addition to the futures-focused ETFs, the partnership plans to launch the "ARK 21Shares Blockchain and Digital Economy Innovation ETF". This ETF will concentrate on public equities in the blockchain domain, offering investors extensive exposure to this rapidly evolving industry.
Growing Interest in Diverse Crypto Investments
The recent filing for a Bitcoin ETF by ARK Invest and 21Shares, tracking the S&P Bitcoin Index, underscores an increasing interest in diverse crypto investment strategies among traditional investors. These developments represent a significant shift towards accommodating a broader range of investment preferences in the cryptocurrency space.
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