Investment managers Ark Invest and 21Shares are doubling down on their crypto offerings with a new suite of Digital Asset ETFs The post ARK Invest and 21Shares to Launch New Digital Asset ETF Suite appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Inve...
With this new set of offerings, the investment manager is looking to offer investors a robust set of options for introducing exposure to digital assets into a portfolio. Based on the laid out plans, a total of five products will begin trading by next week.
Furthermore, the prospectuses highlighted that the digital asset ETFs will be listed on the Chicago Board Options Exchange which is largely known as Cboe.
ARK Invest 21Shares Digital Asset ETF Suite Goes Live in 5 Days
“Leveraging onchain signals and our crypto-native experience, the suite aims to deliver long-term capital appreciation through strategic investments in Bitcoin and Ethereum futures contracts, and the application of blockchain technologies,” per a statement on 21Shares’ website.
Financial Sector Awaits Spot Bitcoin ETF Approval
Notably, this comes as the entire crypto industry as well as the traditional financial sector waits on the United States Securities and Exchange Commission (SEC) for its decision on the twelve spot Bitcoin ETF applications that were filed by BlackRock, Invesco, Valkyrie, VanEck, Grayscale WisdomTree and even ARK 21Shares. It is worth noting that the regulator has not approved any spot Bitcoin ETFs before now.
As expectations keep building around the potential BTC ETF approval, the price of the flagship cryptocurrency is responding positively. At press time, BTC was trading at $36,747.12 with a 4.21% increase within the last 24 hours.