Ark Invest teams up with 21Shares for digital asset ETFs launch
Investment manager Ark Invest is teaming up with 21Shares to roll out a new range of exchange-traded funds (ETFs) focused on digital assets. The companies aim to provide investors with diverse exposure to digital assets, including Bitcoin and Ethereum futures, and investments in blockchain-related firms. The collaboration will result in a debut of a series […]
ARK invest enhances its spot Bitcoin ETF proposal, as response to SEC’s red flags
Investment management firm ARK Invest has refined its proposal for a spot Bitcoin ETF, responding to the U.S. Securities and Exchange Commission’s (SEC) criticisms. According to Bloomberg ETF analyst Eric Balchunas, the updated proposal includes details on Coinbase’s custodial practices, stating that the ETF’s assets are stored in separate addresses on the Bitcoin blockchain. The […]
Cathie Wood’s ARK Invest and 21Shares files for First Spot Ether ETF
ARK Invest, led by Cathie Wood, has filed for the first spot Ether ETF, along with asset managers 21Shares. This ETF would directly hold Ethereum (ETH), the second-largest cryptocurrency by market capitalization. The filing has been made with the U.S. Securities and Exchange Commission (SEC), marking the first attempt to list such a fund in […]