21Shares collaborates with ARK on digital asset ETF suite
Market Musing-g

21Shares collaborates with ARK on digital asset ETF suite

2m
11 months ago

ARK Invest, the investment management firm spearheaded by prominent Bitcoin advocate Cathie Wood, has teamed up with 21Shares, an exchange-traded product (ETP) provider, to introduce users to a suit that will give users exposure to Bitcoin and Ethereum futures contracts.

21Shares collaborates with ARK on digital asset ETF suite

Tabla de contenidos

ARK Invest, the investment management firm spearheaded by prominent Bitcoin advocate Cathie Wood, has teamed up with 21Shares, an exchange-traded product (ETP) provider, to introduce users to a suit that will give users exposure to Bitcoin and Ethereum futures contracts.

According to the Nov. 8 post on X, the initiative will offer investors a diverse range of options for incorporating digital assets into their trading portfolios, enhancing the accessibility and flexibility of cryptocurrency investments.

No direct investments into spot BTC

As outlined in the 21Shares website, a set of five products is slated to commence trading in the upcoming week, with these exchange-traded funds securing listings on the Chicago Board Options Exchange. 

Notably, the company clarified its position, emphasizing that it will not facilitate direct investment in spot BTC.

In a disclaimer, the company advised investors seeking exposure to BTC’s price to explore alternative investment avenues.

A Bitcoin ETF still on the way

At the same time, ARK Invest and 21Shares have continued to work on their filing for a bitcoin exchange-traded fund, what experts in an Oct. 12 report suggest is a sign that both parties were working jointly with the SEC.

The ETF would provide exposure to the price of Bitcoin by tracking the performance of the S&P Bitcoin Index.

0 people liked this article

Related Articles

Market Musing-g
SEC Chair Gensler Signals Potential FTX Revival Under New Leadership: Report
SEC Chair Gensler advocates legal compliance for potential FTX revival, urges vigilance against Crypto Fraud, and reviews ongoing Industry Lawsuits. Read more on CT.
11 months ago
1m
Market Musing-g
U.S. lawmakers establish CLARITY Act to shutdown federal ties to Chinese blockchain
U.S. Representatives Zach Nunn and Abigail Spanberger have introduced the CLARITY Act of 2023, a bill aimed at prohibiting federal officials from transacting with Chinese blockchain companies to sa...
11 months ago
3m
Market Musing-g
GBTC’s Discount Rate at 2-Year Low: Is Approval for a Bitcoin ETF Approaching?
Before you reading, did you missed the PEPE? No worries, click here to 100x potential memes! The discount on Grayscale Bitcoin Trust (GBTC) is currently at its lowest level since November 2021, whi...
11 months ago
3m
Market Musing-g
Bitcoin Inscriptions Reach Mania Levels Again, Miners Benefit
Data indicates that there has been a recent upsurge in Bitcoin Inscriptions, which has increased the miners’ transaction fees. The Daily Total of Bitcoin Inscriptions Has Increased to 400,000 Analy...
11 months ago
5m
Market Musing-g
Maine state treasurer to focus on abandoned crypto accounts
The Office of the Maine State Treasurer issued a program evaluation report in November with the intention to prioritize the management of abandoned cryptocurrency accounts. Unclaimed cryptocurrenci...
11 months ago
2m
Market Musing-g
Is the crypto rally overachieving? Insights from JPMorgan
In a period that has seen many cryptocurrencies achieving positive results, many investors have started thinking again about this digital currency, wondering whether or not to invest.Not everyone s...
11 months ago
7m