Ark Invest and 21Shares’ crypto ETFs arriving next week
The post Ark Invest and 21Shares’ crypto ETFs arriving next week appeared on BitcoinEthereumNews.com.
In a significant development for the cryptocurrency market, investment firms Ark Invest and 21Shares are poised to launch a new suite of crypto ETFs next week. These funds, focusing on bitcoin and ether futures, mark a notable expansion in the range of crypto investment products available to investors. While awaiting the approval of proposed spot Bitcoin and Ethereum ETFs, Ark Invest and 21Shares are taking a leap forward by introducing these actively managed funds, potentially reshaping the landscape for crypto ETFs and attracting a broader investor base. Introducing a New Range of Crypto ETFs Ark Invest and 21Shares have announced the launch of five innovative funds that will hold bitcoin futures contracts, ether futures, or a combination of both. These funds, filed jointly by the firms in August, are scheduled to debut on Tuesday and Wednesday, expanding the current offerings in the crypto ETF space. Although Ark and 21Shares are entering the market after the initial launch of bitcoin futures ETFs in October 2021 and ether futures funds last month, their active management approach sets them apart. One of the standout products in this new lineup is the ARK 21Shares Active Bitcoin Ethereum Strategy ETF. This fund aims to allocate to both BTC futures and ETH futures, utilizing historical pricing relationships and fundamental analysis to outperform direct bitcoin holding over a market cycle. Another fund, the Active On-Chain Bitcoin Strategy ETF, focuses on investing in bitcoin futures and cash equivalents, partly relying on on-chain valuation models. Additionally, a fifth fund in the suite will combine BTC futures with a concentrated portfolio of crypto-related equities, offering a diverse investment approach in the digital asset realm. Differentiating in a Crowded Market Despite joining an already crowded market, Ark Invest and 21Shares are confident in differentiating their products by leveraging their track record…
Filed under: News - @ November 12, 2023 3:14 am