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Ark and 21Shares Have Submitted Three Bitcoin Futures ETF Applications Since Last Friday

By Simon LawsonAugust 16, 20231 Min Read
Ark and 21Shares Have Submitted Three Bitcoin Futures ETF Applications Since Last Friday
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One of the ETFs will invest in cash-settled bitcoin BTC -0.43% futures contracts traded on the Chicago Mercantile Exchange (CME), according to an Aug. 11 filing.

The planned product, called the Ark 21Shares Active Bitcoin Futures ETF (ARKA), could also hold U.S. Treasuries, money market instruments and repurchase agreements.

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A second proposed fund, the Ark 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC), would likewise invest at least 25% in bitcoin futures contracts (ARKA), with the remainder in cash and cash equivalents.

Finally, the proposed Ark 21Shares Digital Assets and Blockchain Strategies ETF (trading symbol ARKD) will allocate to bitcoin futures contracts, or ARKA, and stocks of companies in the blockchain, digital assets and fintech industries.

Related News:
  • Proposed Ethereum Futures ETF Could Signal a Fee War Brewing
  • Bitcoin Plummets Below $26,000 as Major Cryptocurrencies Wipe Out Weekly Gains

Empowered Funds, a subsidiary of white-label ETF platform Alpha Architect, is listed as investment advisor to the proposed fund, with 21Shares and Ark Invest acting as associate advisors.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Blockchain Exchange Investment SEC
Simon Lawson
  • X (Twitter)

Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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