Cathie Wood’s Ark, 21Shares Team Up on Bitcoin Futures ETF Application to SEC

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Noted investor Cathie Wood’s Ark Investment Management and investment-product agency 21Shares are a part of a brand new utility to the U.S Securities and Exchange Commission (SEC) to listing a bitcoin futures exchange-traded fund (ETF).

  • The Wednesday filing was submitted by Alpha Architect ETF Trust, with 21Shares listed because the fund’s sub-adviser.
  • Ark Investment will present advertising help, however not make funding selections or present funding recommendation, the submitting stated.
  • If the appliance is profitable, the ARK 21Shares Bitcoin Futures Strategy ETF will listing on the Cboe BZX Exchange below the ticker image “ARKA.”
  • Ark and 21Shares beforehand joined the race to get a bitcoin ETF permitted, submitting with the SEC to listing the ARK 21Shares Bitcoin ETF in June.
  • Because the SEC hasn’t approve any spot bitcoin ETFs, consideration has turned to funds that spend money on the bitcoin futures market, a form of ETF that SEC Chairman Gary Gensler has steered would have a better probability of successful approval.

Read extra: What Is a Bitcoin Futures ETF?