ARK Invest, an asset manager, and the cryptocurrency ETP provider 21Shares will launch a new line of exchange-traded products linked to digital assets.
It looks as follows:
- ARK 21Shares Active Bitcoin Futures Strategy ETF (ticker ARKA);
- ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ);
- ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC);
- ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD);
- ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY).
Total annual operating expenses of the funds range from 0.7% to 1%.
“The offering is aimed at delivering long-term capital growth through strategic investments in Bitcoin- and Ethereum-based futures contracts, as well as the use of blockchain technologies,” the statement said.
The instruments will be listed on the CBOE. Trading is scheduled to begin next week.
“Neither the funds nor the underlying ETF invest directly in Bitcoin or other digital assets,” the statement clarifies.
Earlier in October, ARK Invest and 21Shares made changes to the application to register a spot gold-backed ETF. Bloomberg analyst Eric Balchunas saw this as a “good signal”.