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