ARK Invest and 21Shares File for 2 New Ethereum and Bitcoin Futures ETFs
ARK Invest, under the leadership of Cathie Wood, is again making waves in the crypto space. In collaboration with 21Shares, they have filed applications with the SEC for two new futures exchange-traded fund (ETF) products. This move signifies a continued bullish outlook on the future of both Ethereum and Bitcoin.
Details of the Proposed ETFs
The two proposed Ethereum futures ETFs are the ARK 21Shares Active Ethereum Futures ETF (ARKZ) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF. These ETFs offer investors different approaches to gaining exposure to these leading cryptocurrencies.
ARK 21Shares Active Ethereum Futures ETF (ARKZ)
This ETF focuses specifically on Ethereum futures contracts, providing a direct way for investors to participate in the potential upside of Ether (ETH).
ARK 21Shares Active Bitcoin Ethereum Strategy ETF
This ETF takes a hybrid approach, blending Bitcoin and Ethereum futures contracts. It aims to capitalize on the potential synergies between the two leading cryptocurrencies. This is also described as ARK 21Shares Active Bitcoin Ethereum Strategy ETF (Cboe BZX:
Why This Matters
The filing for these ETFs comes shortly after Crypto.news reported on ARK Invest and 21Shares' joint application. While 21Shares is liquidating some existing bitcoin and ethereum futures exchange-traded funds, it shows they are adapting their investment strategies to reflect the evolving market. This also shows that ARK Invest and 21Shares have jointly applied for two futures exchange-traded fund (ETF) products involving ether (ETH) and bitcoin (BTC).
Market Reaction
The market is watching closely to see how the SEC will respond to these applications. Approval of these ETFs could open the door to greater institutional investment in Ethereum and Bitcoin futures, potentially driving further price appreciation. The application was filled 24 de ago.
Important Note
Investing in futures contracts involves risk, and potential investors should carefully consider their risk tolerance and investment objectives before investing in these ETFs.