ARK Invest and 21Shares Prepare To Launch Five ETF Products Next Week
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Table of Contents Cathie Wood’s Ark Invest is set to launch five new digital asset exchange-traded fund (ETF) products in partnership with 21Shares. The five products will start trading next week and will be listed on the Chicago Board Options Exchange. Investment management firm ARK Invest has teamed up with exchange-traded product (ETP) provider 21Shares to roll out what it calls its “Digital Asset ETF Suite.” According to the announcement shared on X (formerly Twitter), the “ETF suite uses crypto-specific insights alongside traditional indicators.” The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR — 21Shares Funds (@21shares_funds) November 8, 2023 ARK Invest and 21Shares ETF Products List on CBOE ARK and 21Share’s new venture will reportedly provide investors with “a robust set of options for introducing exposure to digital assets into a portfolio.” According to the 21Shares website, the products include: On its website, 21Shares explains: “Leveraging on-chain 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.” The ETF products will begin trading next week and will be listed on the Chicago Board Options Exchange (CBOE). ARK and 21Shares Goes Beyond Bitcoin (BTC) and Ethereum (ETH) The two companies also introduced a product that invests in both bitcoin and public equities of blockchain companies. According to 21Shares, the ARK 21Shares Blockchain and Digital Economy Innovation ETF, which will trade under the ARKD ticker, will provide “holistic exposure to the growth of blockchain technology.”: “ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD) is one of the first actively managed exchange-traded funds (ETF) that invests in both bitcoin futures and…
Filed under: News - @ November 9, 2023 9:10 pm