Five digital asset ETF products will be listed on the Chicago Board Options Exchange and are scheduled to start trading next week. Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated...
— 21Shares Funds (@21shares_funds) November 8, 2023
According to the 21Shares website, the companies will utilize on-chain signals and their crypto-native experience to deliver “long-term capital appreciation” by investing in Bitcoin (BTC) and Ether (ETH) futures contracts.
According to the prospectuses released by the companies, five products are scheduled to start trading in the next week. Furthermore, these ETFs will be listed on the Chicago Board Options Exchange (CBOE).
The company also underscored that it will not be offering investors a chance to invest directly in “spot” BTC. In a disclaimer, the company highlighted that investors seeking exposure to the price of BTC should consider other forms of investments.
Meanwhile, Bloomberg analysts speculate that the United States Securities and Exchange Commission (SEC) has a window to approve Bitcoin ETF filings. On Nov. 8, analysts James Seyffart and Eric Balchunas wrote that there was a possibility that the SEC could approve all 12 ETF filings if the agency decides to allow the concept. However, the analysts also stressed that this was only a possibility and that there was nothing concrete yet.